General Obligation Bond 3 Would Have a Broad Impact on Southwest New Mexico’s Economy
If Higher Education Bond 3 passes in November’s election, Western New Mexico University will receive $9 million for the first phase of construction of a new home for the New Mexico Center of Excellence for Early Childhood Education. In this first phase, the university plans to expand its Child Development Center by constructing a new building to house infant and toddler classrooms. While the new center’s primary purpose is to improve child wellbeing in southwest New Mexico by providing age-appropriate educational spaces and a new lab site for WNMU students, it would also have a strong impact on the region’s economy. The most obvious economic impact is in terms of jobs created. Construction of the building would require contractors in the field of construction but also in electrical and plumbing. It is estimated that passage of Bond 3 would create nearly 2,300 new jobs statewide, including 90 in Grant County. The economic impact extends well beyond short-term job gains....