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In a bid to stimulate economic growth and support local businesses, the New Mexico government has announced the awarding of millions of dollars in contracts to small and minority-owned companies. The contracts, totaling over $10 million, were announced on November 29, 2025, as part of the state's ongoing efforts to prioritize local businesses in its procurement process.Among the companies awarded contracts is a women-owned engineering firm based in Albuquerque, which secured a $3 million contract to provide engineering and construction services for infrastructure projects across the state. Another local construction company, owned by a member of the Navajo Nation, was awarded a $2.5 million contract to help build a new community center in a rural area of the state."These contracts represent a significant investment in our local businesses and communities," said Governor Jane Garcia, who has made supporting small businesses a key priority of her administration. "By awarding contracts to local companies, we are not only stimulating economic growth but also creating jobs and opportunities for New Mexicans."The contracts were awarded through a competitive bidding process, in which companies were evaluated based on their qualifications, experience, and ability to meet the state's needs. The New Mexico government also worked closely with local economic development agencies to identify eligible businesses and ensure that a diverse range of companies were considered for the contracts.In addition to supporting local businesses, the contracts are expected to have a positive impact on the state's economy as a whole. According to economic experts, every dollar spent on a government contract can generate up to three times that amount in economic activity, creating a ripple effect that benefits businesses, workers, and communities throughout the state."This is a win-win for everyone involved," said Manuel Gomez, president of the New Mexico Small Business Association. "Not only are local businesses getting a much-needed boost, but the state as a whole is benefiting from increased economic activity and job creation. It's a testament to the power of investing in our own communities."The New Mexico government has pledged to continue prioritizing local businesses in its contracting process, with plans to award more contracts to small and minority-owned companies in the coming months. By doing so, officials hope to not only strengthen the state's economy but also create a more inclusive and diverse business environment for all New Mexicans.