DOING BUSINESS IN NEW MEXICO

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

Doing business in New MexicoThe 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
Doing business in New Mexico
Australia-based Star Scientific has selected New Mexico for its first North American location. (Photo: Star Scientific via the 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

new mexico partnership

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

From the July / August 2023 issue of Business Facilities

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