Among the many roles performed by New Mexico’s State Investment Council is the private equity program under which the SIC has invested 378 million taxpayer dollars with the goals of giving a boost to business development and job creation in New Mexico. Unfortunately, as Jim Scarantino, the Rio Grande Foundation’s investigative journalist has found, the SIC program has done a poor job of creating jobs in New Mexico.

The full study, “A Failure by Any Measure: The State Investment Council’s New Mexico Private Equity Program” can be found here: