“Private Enterprise” in New Mexico?

Some good news was reported last week on the New Mexico economic front. According to the Albuquerque Journal, a company called Green Rubber Global is going to set up a headquarters in Albuquerque and open a state-of-the-art tire recycling business in state. No one can dispute the fact that this is good news for the state economy or that tire recycling fits in well with the overall “green” development model that is driving development in the state.
Of course, a few days later the Journal ran another piece (subscription required) outlining the $3.9 million incentive package the state is offering Green Rubber in order for them to build a $30 million plant. Of course, this project will be a boon to New Mexico’s economy in the end, but wouldn’t it be great if taxes were and regulations were made reasonable for every business owner in the state and not just those making a $30 million upfront investment in a politically-favored business model?