NM economic development secretary offers lawmakers reassurances amid film industry slowdown

By: Joshua Bowling

Outlets: Source New Mexico

Published: July 1, 2026

Words: 699

Last Updated: 3 weeks ago

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Despite challenges like the film industry’s slowdown in New Mexico, the state’s economy is diversifying and growing, New Mexico Economic Development Department Secretary Rob Black told state lawmakers Tuesday.

A recent study presented to state lawmakers in May found that many state tax incentives — particularly the Film Production Tax Credit — generate pennies on the dollar for every dollar the state invests. Productions have slowed, too. Recently, Netflix announced it was canceling …

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