SANTA FE, N.M. (AP) — New Mexico should adopt a new approach to economic development, including allowing international students to pay in-state tuition to study science, technology and business at public universities, according to a new report by an independent think tank.
Think New Mexico calls for establishing a scholarship program for international undergraduate students as a way of increasing the ranks of future entrepreneurs who could start businesses and create jobs in the state.
New Mexico lost about 43,000 jobs and 3,000 businesses from 2007 to 2011 because of the recession, and only recently has the state’s economy started to rebound and gain jobs. But the report warns that many of the new jobs aren’t higher wage positions such as in manufacturing. The state’s economy also is at risk from government spending cuts because the federal government is the largest employer in New Login to read more