New Mexico Partnership
“The momentum that New Mexico has been cultivating across a multitude of different industries is paying off. Projects like Maxeon and Star Scientific are significant developments and solidify the state as the place to be for advanced manufacturers.”
— Melinda Allen, CEO and President,
New Mexico Partnership
TARGETED GROWTH SECTORS
Advanced Manufacturing: New Mexico continues to see growth in a historically successful industry for the state. A strong pool of experienced talent, a strategic location, and a low cost of doing business provides a strong set of advantages for companies looking to locate technically advanced manufacturing operations.
Energy Production & Manufacturing: New Mexico has a long history of energy production from traditional sources — like oil and gas — to renewable energy — like wind, solar, geothermal, and hydrogen — that history of success has helped grow a diverse ecosystem and supporting assets for future growth of the industry.
Value-Added Agriculture & Food Manufacturing: A history of success in agriculture and food production continues in New Mexico today, with new companies like Oro and Louisiana Pepper Exchange choosing the state.
TOP PROJECTS
COMPANY | LOCATION | INVESTMENT |
Maxeon Solar Technologies | Albuquerque | $1 billion |
Star Scientific | Albuquerque | $100 million |
Hota | Santa Teresa | $99 million |
Arcosa | Belen | $60 million |
Oro | Santa Teresa | $19 million |
FEATURED LOCATIONS
The New Mexico Partnership is designed by the State to be your single-point-of-contact for locating and expanding your business anywhere throughout New Mexico. Our team of experts works closely with all of the local economic developers statewide as well as our state and local officials to ensure you have everything you need to succeed.
FAST FACTS
Population (July 2022 est.): 2,113,344¹
Largest Cities (2020): Albuquerque (564,648); Las Cruces (111,738); Rio Rancho (104,257); Santa Fe (87,684); Roswell (48,541)¹
Real GDP (2022): $94.7 billion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
WORKFORCE PROGRAM
New Mexico’s Job Training Incentive Program (JTIP) reimburses on-the-job and classroom training for expanding or relocating businesses for up to six months. JTIP provides cash reimbursement of 50% to 75% of wages.
TOP BUSINESS FACILITIES RANKINGS
#3 Film & Television | 2023 State Rankings |
Top 10 Wind Power (Installed MW) | 2023 State Rankings |
Top 15 Outdoor Recreation | 2023 State Rankings |
Top 10 FTZ Activity (Exports): Dona Ana County | 2023 Metro Rankings |
Top 10 Most Affordable Cities (Over 500K Pop.): Albuquerque | 2023 Metro Rankings |
Top 10 Solar Cities (Installed Capacity MW): Albuquerque | 2023 Metro Rankings |
LATEST NEWS
Exploring The Energy Future
As industries seek to diversify energy sources, government initiatives remain central to these efforts.
Four Intel Projects Targeted For $8.5B CHIPS And Science Act Funds
U.S. Department of Commerce has proposed up to $8.5 billion in direct funding through the CHIPS and Science Act to advance Intel’s commercial semiconductor projects in Arizona, New Mexico, Ohio and Oregon.
2023 Deals Of The Year
Entries for Deal of the Year awards spanned industries, investment types, and winning strategies. Here are the stories of this year’s picks.