NMDOT Cabinet Secretary Rhonda Faught & New Mexico Governor Bill Richardson |
GRIP Benefits
GRIP is an economic benefit package that will:
- create thousands of new jobs each year for the next six to eight years
- employ hundreds of New Mexico businesses
- have an $8.4 billion positive impact on New Mexico’s economy
- have a $10.9 billion direct savings impact on the citizens of New Mexico in terms of commuter cost, safety and vehicle operating costs
- increase state personal income, mostly wages and salaries by $170 million a year
- generate nearly $90 million in direct gross receipt taxes on construction and millions more in payroll taxes.
- breaking down individual projects so local contractors can competitively bid.
GRIP will also enhance safety on New Mexico highways and roads.
