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CEO Guide to the States

New Mexico


The Land of Enchantment continues to capitalize on its momentum in the film industry and in cross-border commerce. As changes in the global supply chain have shifted more commerce to materials and manufacturing to Mexico, the Borderplex (which includes El Paso, Las Cruces and Juarez) is growing as a hub for logistics and manufacturing. Meanwhile New Mexico continues to diversify its economy with new projects in manufacturing, tech and other sectors. Hota Industrial Manufacturing, Arcosa, mtex Antenna Technology USA and Maxeon Solar have announced projects here in the past year.

“This is a state that can do anything.... And frankly if it has happened and it’s good, high-tech and smart it happened here first. We’re the eighth best place for solar, and we’re the cheapest place in America for solar. We are the first state to really grasp community solar designs.”
Michelle Lujan Grisham


0 %

top corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking


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


0 %




# 0


0 %

decrease between 2010 and 2020


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.


New Mexico Economic Development Department

NM Partnership

Albuquerque Economic Development

Santa Fe Office of Economic Development


The Outdoor Recreation Trails+ grant aims to enhance economic development, prosperity, and wellness for New Mexicans through projects including outdoor classrooms, river walks and trail accessibility. The state created the grant in 2019 to increase outdoor jobs and access and declared nearly $2 million for 19 projects in 2023


  • Arcosa announced in March 2023 it will open a wind tower production facility and create 250 jobs in Belen.
  • Franklin Mountain Packaging announced in June 2023 an expansion and 60 new jobs in Santa Teresa.
  • Maxeon Solar Technologies announced in August 2023a multi-billion investment that will double the size of its plant and create 1,800 jobs in Mesa del Sol.
  • German company mtex Antenna Technology USA announced in September 2023 it will build a $16 million facility and create 62 jobs in Albuquerque.
  • Taiwan-based Hota Industrial Manufacturing announced in September 2023 a $99 million manufacturing facility and 350 jobs in Santa Teresa.


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

No 32: New Mexico

No. 32

New Mexico

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by

Key Metrics
Taxation and Regulations

  • State Corporate Income Tax Rate: 7.60%
  • Highest Personal Income Tax Rate: 4.90%

Workforce Quality

  • % with High School diploma or more: 82.4
  • % with Bachelor’s degree or more: 24.7
  • % with Advanced degree or more: 10.7
  • Patents per 100K: 21.59
  • % of Employed Represented by Unions: 9.7

Quality of Life

  • Hopsitals per 10K: 0.192
  • Elementary/Secondary Schools per 1000 people: 0.427
  • Violent Crimes per 100K: 625.47
Key Companies
  • Tmst
  • PNM Resources
  • First State Bancorporation
Other Highlights
  • New Mexico fell to #32 from #29 in 2010 — the state took #34 in 2009;
  • New Mexico ranks 16th in state debt per capita with $4004

Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education


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.