CEO Guide to the States

New Mexico

ENCHANTING THE WORLD

The Land of Enchantment’s reputation is growing on the global stage. The robust Foreign Trade Zone on its international border with Mexico offers a lower cost of business, abundant land and workforce training programs. Several international companies, including Maxeon Solar of Singapore, Taiwanese Tesla supplier Hota Industrial Mfg., mtex antenna
technology of Germany and Star Scientific of Australia, have announced investments in the state in the past two years. There has also been notable growth in the energy and solar sectors. In August 2024, Ebon Solar announced a nearly $1 billion project and 900 new jobs in Albuquerque.

“We have succeeded in making New Mexico a global center for advanced energy manufacturing…. Solar joins other leading companies in embracing New Mexico’s commitment to renewable energy, its talented, dedicated workforce and the opportunities we provide for job training and tuition-free college.”
Michelle Lujan Grisham
Governor

TAXES

0 %

top corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

No

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2020 and 2023

KEY INCENTIVES

Job Training Inventive Program (JTIP): Offers employers reimbursements of 50-75 percent of employee wages for up to six months for on-the-job and classroom training for newly created jobs.

Local Economic Development Act: Offers a discretionary cash-grant incentive program to reimburse costs associated with the land, building and infrastructure improvements of new projects.

High Wage Jobs Tax Credit: Offers a tax credit for each new high wage economic base job (paying over $40,000 in a rural area or $60,000 in a metro) of 8.5 percent of the wages and benefits for each job created.

Rural Jobs Tax Credit: Offers a credit of up to $1,000 per year for 2 to 4 years for jobs created in rural areas.

EDCs

New Mexico Economic Development Department
edd.newmexico.gov

NM Partnership
nmpartnership.com

Albuquerque Economic Development
abq.org

Santa Fe Office of Economic Development
santafenm.gov/economic_development

HIGHLIGHTED PROGRAM OR INITIATIVE

The New Mexico Economic Development Department is launching a new initiative aimed at assisting small, disadvantaged businesses with technical assistance. The State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program will offer workshops and direct assistance to qualifying businesses through financial, legal, venture capital and emerging fund managing advisory assistance.

BIG DEALS

  • Cinelease announced in February 2024 a $95 million expansion of its facilities in Albuquerque.
  • Turnkey Ventures announced in February 2024 an $11.8 million expansion and 330 new jobs at a modular manufacturing center in Roswell.
  • Netflix announced in June 2024 a significant expansion of its studios in Albuquerque.
  • Ebon Solar announced in August 2024 a $942 million investment in a solar factory and 900 new jobs in Albuquerque’s Mesa del Sol industrial development
    area.
  • Kairos Power announced in September 2024 that it would build three new facilities in the state and create 100 jobs.

BIG COMPANIES

  • 3D Glass Solutions
  • Intel
  • Northrop Grumman
  • Pebble Labs
  • PESCO
  • RS21
  • Sandia National Laboratories
  • Virgin Galactic
Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.