The Land of Enchantment is still thriving as a film and TV production hub, continually building on the growing presence of Netflix in the state. Meanwhile,New Mexico is also enhancing its logistics capabilities and proximity to Mexico. In March, the state announced another $60 million investment in its Borderplex to further support economic development and global trade in the area. A 2021 economic impact report from the BIA, the NMSU Center for Border Economic Development and the Arrowhead Center found that in 2020 alone, the employment and infrastructure investments at the Santa Teresa Port of Entry and Industrial Park supported more than 5,000 jobs and made an economic impact of $959 million for the state.
Job Training Inventive Program (JTIP): Offers employ- ers reimbursements of 50-75% 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% 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.
edd.newmexico.gov
nmpartnership.com
abq.org
santafenm.gov/economic_development
To double down and further capitalize on its growing film industry, the state recently allocated $40 million to establish the Next Generation Media Academy in Albuquerque. The academy will be located in Bernalillo County and will feature state-of-the-art sound stages, equipment technology and other materialsfor training. Once constructed, it aims to attract 1,000 students per year and will offer paid internships with partners like Netflix and NBCUniversal.
Based on CEO Survey by ChiefExecutive.net
| Key Metrics |
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Taxation and Regulations
Workforce Quality
Quality of Life
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Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education
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We are in a period of rapid change. Customer needs, technologies, competitors and internal capabilities require companies to review and update their strategies for the new realities. In this workshop, strategy experts Steve Rutan and Denise Harrison will show you a systematic approach to strategic planning to help you refine or redefine your business strategy and approach including:
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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.
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.
