DOING BUSINESS IN NEW MEXICO

New Mexico Partnership
505-389-5033
aaldaz@nmpartnership.com
nmpartnership.com

Doing business in New Mexico
“New Mexico is a growing state with a global footprint which offers the workforce, partnerships, and incentives that companies of all industries and sizes need to grow, prosper, and succeed in today’s highly competitive business climate.”
— Melinda Allen, President & CEO,
New Mexico Partnership
Doing business in New Mexico
View of downtown Albuquerque, New Mexico (Photo: Adobe Stock/Sean Pavone Photo)

TARGETED GROWTH SECTORS

Advanced Manufacturing: New Mexico’s history of innovative research and development, low cost of doing business, and aggressive job creation incentives continues to fuel the growth of manufacturing industries.


Clean Energy: New Mexico has a diverse energy industry composed of both traditional energy sources and renewable sources that have spurred energy-focused projects like Star Scientific, Ebon Solar, and Maxeon Solar Technologies.


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 (CAPITAL INVESTMENT)

COMPANY
LOCATION
INVESTMENT
Ebon Solar
Albuquerque
$942 million
Star Scientific
Albuquerque
$100 million
Cinelease
Albuquerque
$95 million
Calgon Carbon Corp.
Bloomfield
$94 million
Array Technologies
Bernalillo County
$50 million

FEATURED LOCATIONS

The Village of Los Lunas is a thriving hub of industrial, commercial, and residential growth, offering prime opportunities for businesses and families. With a strategic location, robust infrastructure, and a vibrant community, it’s the perfect place to live, work, and grow.

FAST FACTS

Population (2024 est.): 2,115,270¹
Largest Cities (2024 est.): Albuquerque (558,736); Las Cruces (115,956); Rio Rancho (112,735); Sana Fe (89,646); Roswell (46,669)¹
Real GDP (2023): $110.3 billion²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

WORKFORCE DEVELOPMENT

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 and Television2024 State Rankings
Top 10 GDP Growth2024 State Rankings
Top 10 Wind Power (Installed MW)2024 State Rankings
Top 10 FTZ Activity (Exports): Dona Ana County2024 Metro Rankings
From the July / August 2024 issue of Business Facilities

Latest News

Quantinuum Will Open A New Location In New Mexico

New Mexico
The integrated quantum computing company is creating a R&D hub in the state to advance photonics technologies to further product development. 

CBD Product Maker Expanding In New Mexico

CBD
NewBridge Global Ventures’ investment in the state’s Estancia Valley will total more than $20 million for farming through distribution operations.

Aviation & Airports: Taking Flight To Growth 

Aviation And Airports
The aviation industry is seeing record growth, as legacy applications dovetail with the future of industry exploration and advancement.

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