Finance

Las Cruces has ended its partnership with film studio 828 Productions after the company failed to fulfill its investment and job creation promises, and the city is seeking to claw back about $1.3 million in public funds. The move highlights challenges and accountability questions in economic incentive deals for local development.

New state investment and private partnerships are positioning downtown Albuquerque as a potential hub for quantum innovation, with QuEra computing serving as the anchor tenant for a new public-supported quantum laboratory. The initiative aims to turn cutting-edge research into commercial companies and high-skill jobs in New Mexico’s growing technology sector.

The 2026 regular session of the New Mexico Legislature opened in Santa Fe with lawmakers confronting budget priorities, health care access, and infrastructure spending amid economic headwinds. With Democrats controlling both chambers and a packed policy agenda, early action reflects efforts to balance fiscal discipline with long-term investment.

A former treasurer of a New Mexico abbey has been indicted on federal charges alleging he stole more than $2 million from church funds and filed a false tax return, authorities say. The case, brought by the U.S. Attorney’s Office for the District of New Mexico, highlights the severe legal consequences of alleged financial misconduct within nonprofit religious organizations.

City of Santa Fe, N.M., is hosting a Jan. 28 public meeting to explain new software for managing short-term rental lodging tax collection and compliance, as updated permit renewal and tax reporting processes take effect; hosts should prepare for changes to filing, record-keeping and enforcement.