New Mexico Statutes 53-7A-5. Corporation; duties
Pursuant to policies established by its board of directors and as directed by its president, the corporation shall:
Terms Used In New Mexico Statutes 53-7A-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A. establish relationships with communities throughout New Mexico in order to understand their economic development goals;
B. work for those communities in recruiting the types of businesses and jobs that have been identified by the communities;
C. solicit economic development funds from federal and private sources;
D. participate in economic development conferences and job fairs in order to educate businesses throughout the country and the world on the economic benefits and other attractions of New Mexico;
E. sponsor such forums and conferences as are necessary in order to empower New Mexico businesses and citizens with those business skills needed to compete in a worldwide economy; and
F. perform such other activities as are needed to further the purposes of the Economic Development Corporation Act.