New Mexico Is 30th Best State for Business 2014

Previous State: Arkansas Next State: Montana

No. 30 New Mexico

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 
  • % Growth ’12-’13: 1.5
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -2.3

Unemployment

  • Unemployment Rate Dec. 2013 %: 6.4
  • Comparison with Nat’l Rate (6.70%): -0.3

Domestic Migration

  • Domestic Net Migration 2013: -10,526
  • Rank: 41

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 3,525
  • State & Local Gov’t Employees per 10k Residents: 680.4

State-Local Tax Burden

  • Rate (%): 8.4%
  • Compared to Nat’l Avg. (9.9%): -1.42%
Key Companies
  • PNM Resources
  • First State Bancorporation
Development Trend Indicator: Positive
Enacts huge cut in corporate income-tax rate as attractiveness brightens.


Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.

Share
Published by
J.P. Donlon

Recent Posts

Ram Charan: A Manufacturing Playbook For A Turbulent New Era

The bestselling author and advisor to CEOs shares what he’s counseling manufacturers as they navigate…

13 hours ago

Market Engineering Drives Market Leadership: Why Tesla Is Outpacing GM In The Age Of Narrative Advantage

Market engineering is far more than clever marketing. It’s the operating system for category ownership…

1 day ago

AI Adoption Is Outpacing Operational Readiness And CEOs Will Pay

Rising investment. Unclear outcomes. Increasing scrutiny on the executives responsible for both. The risk isn’t…

1 day ago

Sonnenfeld: How To Survive Today’s Politics

In a populist moment for America, standing your ground is the only strategy.

2 days ago

Lessons From Higher Education On Leading Through Uncertainty

A useful model for how organizations in all sectors can lead responsibly when certainty disappears…

2 days ago

Gas South CEO Kevin Greiner On The Value Of Being An ‘Even-Keeled’ Leader

Staying cool and consistent under pressure shows your team that you are ready to handle…

4 days ago