Santa Fe Economic Growth and Sustainability Plan

 

Jump to Summary

Objective:

To drive Santa Fe’s economic development by supporting local businesses, enhancing city facilities, and promoting sustainable growth. This plan ensures a balanced approach that fosters prosperity while preserving Santa Fe’s unique character and quality of life.

 

1. Empowering Local Businesses
 

   Financial and Technical Assistance:

​

• Expanded Funding Access: Provide greater access to grants and low-interest loans, prioritizing minority- and veteran-owned businesses. Establish an emergency relief fund to support businesses during economic downturns or crises.

• Streamlined Operations: Simplify permitting and licensing processes through a centralized resource hub, reducing bureaucratic barriers and enabling smooth business operations.

• Driving Innovation: Invest in business incubators, digital tools, and mentorship programs to help local entrepreneurs thrive in an evolving market.

  Encouraging Sustainable Investment:

• Targeted Incentives: Offer financial incentives to clean and sustainable industries that align with Santa Fe’s values and contribute to environmental and economic well-being.

• Workforce Development: Partner with industries to create training programs and apprenticeships, equipping residents with the skills needed for emerging sectors and ensuring economic opportunities benefit the local community.

 

2. Modernizing City Facilities to Enhance Economic Potential
 

  Relocating City Hall:

​

• Improved Accessibility: Move City Hall to a centrally located site in Midtown, making city services more accessible to all residents and businesses.

• Addressing Parking Challenges: Provide adequate parking to improve convenience and reduce congestion for residents accessing city services.

• Efficient Operations: Create a modernized City Hall that streamlines service delivery, enhances efficiency, and improves engagement with residents and businesses.

 

Upgrading the Convention Center:

​

• Modernization for Growth: Expand breakout spaces and update facilities to accommodate larger conventions and events, increasing the center’s utility and competitiveness.

• Boosting Local Revenue: Attract regional and national events that drive spending in local restaurants, hotels, and shops, supporting a broad cross-section of the economy.

 

3. Promoting Responsible and Sustainable Growth
 

  Strategic Development:

​

• Balanced Economic Growth: Focus on development projects that align with Santa Fe’s cultural and environmental values, prioritizing long-term benefits over unchecked expansion.

• Infrastructure Alignment: Invest in infrastructure improvements to ensure roads, utilities, and public services can support growth without straining existing resources.

• Community-Centered Planning: Actively involve residents in decision-making processes to ensure development meets local needs and maintains Santa Fe’s distinctive character.

 

​Conclusion

The Santa Fe Economic Growth and Sustainability Plan is a roadmap for strengthening the city’s economy while preserving its cultural and environmental legacy. By empowering local businesses, enhancing key facilities, and managing growth responsibly, this plan fosters a resilient, inclusive economy that benefits all residents.
With innovation, community engagement, and a commitment to sustainability, we can build a thriving future that reflects Santa Fe’s values and ensures prosperity for generations to come.