CEO Guide to the States

New Mexico


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.

“As the global supply chain evolves, New Mexico has a unique opportunity to expand our role in manufacturing and global trade. By investing in key infrastructure in the Borderplex, we are creating jobs and generating additional revenue for the region and the state.”
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 %

increase 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


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.


  • Facebook announced in October 2021 it will add two more buildings to its data center in Los Lunas and expand its investment by $800 million. Thecompany expects to employ 400 workers when the facility is operational.
  • Universal Hydrogen announced in March 2022 it will build a manufacturing and distribution center and create hundreds of jobs in Albuquerque.
  • Curia announced in March 2022 it an expansion in Albu- querque that will add more than 274 jobs.
  • Manna Capital Partners and Ball Corporation made a deal in May 2022 to construct a $2 billion aluminum mill in Valencia County.
  • Electronic Caregiver announced in May 2022 a major expansion and more than 700 new jobs in Las Cruces.
  • Engineering company BlueHalo was awarded a $1.4 billion government contract in July 2022. The deal is expected to create 60 jobs.
  • California-based company 828 Productions announced in August 2022 plans to invest $75 million to establish a headquarters in Las Cruces.


  • 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.