In an effort to promote economic growth and support small businesses in New Mexico, the state legislature passed a series of new business laws on February 19, 2026. The legislation, which was signed into law by Governor Martinez, aims to address some of the key challenges facing entrepreneurs and business owners in the state.One of the most significant changes introduced by the new laws is the establishment of a Small Business Advisory Council. This council will be tasked with advising state government agencies on policies and regulations that impact small businesses, as well as providing resources and support to help small business owners navigate the complexities of running a business in New Mexico.Additionally, the new laws include provisions to streamline the process for obtaining business licenses and permits, making it easier for entrepreneurs to start and grow their businesses. By reducing red tape and bureaucracy, the state hopes to attract more businesses to New Mexico and create a more business-friendly environment.In a statement released after signing the legislation, Governor Martinez emphasized the importance of supporting small businesses, which she described as the "lifeblood of our economy." She expressed her hope that the new laws will help small businesses thrive and create jobs in communities across the state.The new business laws also include measures to expand access to capital for small businesses, including grants and low-interest loans for entrepreneurs who may not qualify for traditional financing. By providing financial support to small businesses, the state hopes to spur innovation and economic growth in New Mexico.Overall, the new business laws are seen as a positive development for small businesses in New Mexico, providing much-needed support and resources to help them succeed in a competitive market. With these new measures in place, entrepreneurs and business owners in the state can look forward to a more supportive regulatory environment that encourages growth and innovation.