Economic Impacts of the NM Small Business Investment Corporation

Charged with furthering economic development activities in the state of New Mexico by supporting small businesses through debt and equity, the SBIC commissioned UNMBBER with conducting an independent economic impact analysis of their investment activities between 2011 and 2015. The three principal measurements employed by this study are Labor Income, Employment, and Output. This study estimates that SBIC investment activities generated $69 million in cumulative Output. The Labor Income impact of the SBIC was $23.9 million for the study period. Jobs created by the SBIC investment activities totaled 646.