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Stronger than the pandemic: Few, if any, NM startups failed in latest downturn


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The Lobo Rainforest building was largely empty during the pandemic, but Rainforest Innovations maintained programming online. (Jim Thompson/Albuquerque Journal)
ALBUQUERQUE, N.M. Long-time angel investor and serial entrepreneur John Chavez had an unenviable front-row seat during the economic devastation wrought by the Great Recession in 2008.
John Chavez
At that time, New Mexico’s incipient startup ecosystem had limited resources to support many struggling businesses that had recently launched prior to the crisis, and investors like Chavez could do little as numerous startups crashed and burned in the downturn.
Now, 13 years later, it’s a very different story as the state and country emerge from the pandemic, which plunged the economy into a far-worse crisis than the one a decade ago. This time, the local ecosystem was well-prepared to weather the storm, armed with a ....

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Former Pension Boss in New Mexico Sues for Pay Discrimination


Former Pension Boss in New Mexico Sues for Pay Discrimination
June 2, 2021
The former head of New Mexico’s pension system for educators has accused Democratic Gov. Michelle Lujan Grisham and others of denying her equal pay.
Jan Goodwin filed a lawsuit in federal court last week, saying she was forced to leave her position at the Educational Retirement Board earlier this year because of longstanding pay inequity issues. The lawsuit alleges that the Lujan Grisham administration denied equal pay to Goodwin in violation of the state’s Fair Pay for Women Act.
Goodwin, a 61-year-old white woman, claimed institutional and systemic gender, age and race discrimination. According to the complaint, she was paid about $100,000 less than her male counterpart at the New Mexico State Investment Council. ....

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