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The state’s small business agency has lost $9 million; is this a big deal?

Chances are you’ve never heard of the New Mexico Small Business Investment Corporation (SBIC). But back in 2001, the state legislature OK’d a plan that sends 1 percent of the Severance Tax Permanent...

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The SIC tries to rein in the state’s small business corporation: “We’ve got...

A month ago, we wrote about the New Mexico Small Business Corporation (NMSBIC), which has absorbed some $9 million in losses and asked in a headline: “Is this a big deal?” Apparently it’s a big enough...

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