“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
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.