#32 New Mexico
#34 in Taxation and Regulation
#47 in Workforce Quality
#44 in Living Environment
Right to Work? ✗
#32 New Mexico
Regional Profile – Southwest
| Arizona | ||||
| Arkansas | ||||
| New Mexico | ||||
| Oklahoma | ||||
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Key Industries
Advanced manufacturing, Agriculture, Aerospace, Back Office & Tech Support, Digital Media, Energy, Logistics & Distribution
Key Companies
Alamogordo Financial Group
First State Bancorporation
Net Medical Xpress Solutions
PNM Resources
Santa Fe Gold Corp.
Advantages
New Mexico lowered its corporate tax rate from 6.9% to 6.6%.
Challenges
Not yet recovered from the recession, New Mexico saw less than 1% economic growth and rising unemployment.
Key Contacts
Economic Development Department
Jon Barela, Cabinet Secretary
505-827-0323
Joseph M. Montoya Building
1100 S. St. Francis Drive
Santa Fe, NM 87505-4147
Jon.Barela@state.nm.us
https://gonm.biz/
CEO Comments
“New Mexico expanded its use of Medicaid, which was very beneficial.”
“New Mexico is very aggressive in bringing new business to the state.”
Current Developments
New Mexico Gov. Martinez Boosts State’s Business Friendliness
August 15, 2016
California Company CEOs Being Wooed by New Mexico Governor
March 29, 2016
2016 Regional Report: The Southwest
January 13, 2016