Tag: state business climate

Vanishing Iconic Businesses, Fragile Economy—New Mexico’s Warning Sign You Can’t Ignore

A wave of closures is hitting longtime New Mexico businesses, from beloved Albuquerque restaurants like The Farmacy and Bosque Brewing to family-owned shops. Surging operational costs and stagnant local spending power are exposing deeper vulnerabilities in a state overly reliant on volatile oil and gas revenues and government employment.