Economy & Jobs

Too many people in Washington, D.C. think that if the stock market is going up, the economy is in good shape. But that’s not the reality for working families. The way we should measure the success of the economy is if parents can afford to send their kids to college, entrepreneurs can start new businesses, and workers are able to retire with peace of mind.

As a member of the Joint Economic Committee, I am focused on building an economy that works for everyone—not just a select few. My number one priority is not only continuing to grow our economy, but also ensuring that we create good jobs that pay workers a fair and livable wage.

From making college affordable, to strengthening our nation’s infrastructure, to growing our diverse, high-tech, advanced manufacturing and clean energy industries, I remain deeply committed to strengthening New Mexico’s middle class. We must restore the basic bargain on which this country was built – that if you work hard and play by the rules, you can get ahead. I won’t stop fighting until every New Mexican who is willing to work hard to support their family and their community can find a job that supports them.

Latest

  • Heinrich, Democratic Colleagues Urge Top U.S. Banks To Not Finance Arctic Drilling

    WASHINGTON - U.S. Senator Martin Heinrich (D-N.M.), a member of the Senate Energy and Natural Resources Committee and the Senate Democrats' Special Committee on the Climate Crisis, along with 15 Senate colleagues sent a letter to 11 of the largest U.S. banks asking them to update their environmental and climate policies to include a prohibition on funding for oil and gas drilling or exploration in the Arctic National Wildlife Refuge. Read More

  • Heinrich, Senators Press GSEs on Preparation For Climate Risks

    WASHINGTON - U.S. Senator Martin Heinrich (D-N.M.) joined Senators Sherrod Brown (D-Ohio), Brian Schatz (D-Hawai'i), Sheldon Whitehouse (D-R.I.), Jeanne Shaheen (D-N.H.), and Chris Van Hollen (D-Md.) in pressing Fannie Mae CEO Hugh Frater and Freddie Mac CEO David Brickman for information on the steps that each of the GSEs are taking to assess and prepare for the effects of climate change on their business and on American communities, homeowners, and renters. Read More

  • NM Delegation Recognizes Sandia Contributions to State Economy, Employment

    WASHINGTON-U.S. Senators Tom Udall (D-N.M.) and Martin Heinrich (D-N.M.), and U.S. Representatives Ben Ray Luján (D-N.M.), Deb Haaland (D-N.M.), and Xochitl Torres Small (D-N.M.), commended findings from a 2019 economic-impact analysis released Wednesday, which found that Sandia National Laboratories is responsible for creating 1,100 new jobs while contributing $509 million to New Mexico businesses and $96.6 million in state gross receipt tax revenue. Read More

  • Heinrich, Schumer Introduce Measuring Real Income Growth Act of 2019

    Dec. 18, 2019) - Today, U.S. Senator Martin Heinrich (D-N.M.), a member of the Joint Economic Committee, and Senate Democratic Leader Chuck Schumer (D-N.Y.) introduced the Measuring Real Income Growth Act of 2019, which would require the Bureau of Economic Analysis (BEA) to report how economic growth is distributed across the income spectrum. Gross domestic product (GDP) numbers alone provide an incomplete picture of income growth across our economy and can obscure the troubling economic reality experienced by many American families-stagnating wages, skyrocketing costs of living, and a widening income inequality gap. Read More

  • Heinrich Passes Clean Energy Jobs Act Out Of Committee

    Dec. 12, 2019) - Today, The Clean Energy Jobs Act (S. 2393), introduced by U.S. Senator Martin Heinrich (D-N.M.), was passed by a voice vote in a key legislative business meeting in the Senate Energy and Natural Resources Committee. Read More

  • NM Delegation Announces Funding for Arrowhead Center for Tribal Businesses, Entrepreneurship Hands-On Support through NMSU and Navajo Technical University

    WASHINGTON- U.S. Senators Tom Udall (D-N.M.) and Martin Heinrich (D-N.M.) and U.S. Representatives Ben Ray Luján (D-N.M.), Deb Haaland (D-N.M.), and Xochitl Torres Small (D-N.M.) announced that the U.S. Department of Commerce's Minority Business Development Agency (MBDA) has awarded an American Indian Business Enterprise grant to the Arrowhead Center at New Mexico State University (NMSU) in conjunction with Navajo Technical University. Read More

  • NM Delegation Announces Funding for Arrowhead Center for Tribal Businesses, Entrepreneurship Hands-On Support through NMSU and Navajo Technical University

    WASHINGTON- U.S. Senators Tom Udall (D-N.M.) and Martin Heinrich (D-N.M.) and U.S. Representatives Ben Ray Luján (D-N.M.), Deb Haaland (D-N.M.), and Xochitl Torres Small (D-N.M.) announced that the U.S. Department of Commerce's Minority Business Development Agency (MBDA) has awarded an American Indian Business Enterprise grant to the Arrowhead Center at New Mexico State University (NMSU) in conjunction with Navajo Technical University. Read More

  • In Key Hearing, Heinrich Calls For Forward-Looking Legislation To Advance America’s Energy Industry And Workforce

    Nov. 6, 2019) - Today, U.S. Senator Martin Heinrich (D-N.M.), the Ranking Member on the Senate Energy Subcommittee, delivered opening remarks on legislative efforts to modernize America's electric grid, boost innovations through technology transfer programs with national laboratories, and create energy workforce development opportunities across the country. Assistant Secretary of Energy Daniel Simons testified on eleven separate bills. Read More