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ChiefExecutive.net

#32 New Mexico

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#34 in Taxation and Regulation

#47 in Workforce Quality

#44 in Living Environment

Right to Work? ✗

Regional Profile – Southwest

STATE	OVERALL REGIONAL RANK	TAXATION & REGULATION REGIONAL RANK	WORKFORCE QUALITY REGIONAL RANK	LIVING ENVIRONMENT REGIONAL RANK
Arizona	2	2	2	2
Arkansas	4	4	4	3
New Mexico	5	5	5	5
Oklahoma	3	3	3	4
Texas	1	1	1	1

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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

YOU MIGHT ALSO BE INTERESTED IN…

© 2019 | ChiefExecutive.net | Chief Executive Group

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