Frequently Asked Questions
- What is the New Mexico Partnership?
- How is the New Mexico Partnership funded?
- What types of companies does the New Mexico Partnership recruit?
- How many companies has the New Mexico Partnership brought to New Mexico?
- How is the success of the New Mexico Partnership measured?
- How is the New Mexico Partnership different from the New Mexico Economic Development Department?
1. What is the New Mexico Partnership?
The New Mexico Partnership was created in 2003 and is a public-private,
non-profit economic development entity created to attract business to
New Mexico and create jobs.
2. How is the New Mexico Partnership funded?
We are a 501(c) 6 non-profit entity. The majority of our funding comes
through a Joint Powers Agreement with the New Mexico Economic Development
Department. We receive a modest amount of private sector contributions.
3. What types of companies does the New Mexico Partnership recruit?<
The New Mexico Partnership is committed to attracting high-quality, high-wage jobs
to New Mexico. We are focused on Aerospace & Aviation, Agri-Business, Business &
Financial Services, Clean & Renewable Energy, Digital Media, Technology and Manufacturing
including a strong focus on maquiladoras and Telecommunications.
4. How many companies has the New Mexico Partnership brought to New Mexico?
Since our inception in 2003, we have successfully located 38 companies to New Mexico and
created approximately 12,000 jobs.
5. How is the success of the New Mexico Partnership measured?
Very specific performance goals are specified in the Joint Powers Agreement that we enter
into with New Mexico’s Economic Development Department. The 2008-2009 performance goals are to:
- Generate at least four hundred (400) leads, which have the potential to relocate to New Mexico
- Identify at least one hundred twenty (120) prospect companies that have projects that could be located in New Mexico
- Arrange and conduct at least thirty one (31) site visits to New Mexico communities by prospect companies with qualified projects
- Demonstrate responsibility for the creation of two thousand two hundred (2,200) new economic base jobs in New Mexico, no less than nine hundred (900) of which are in non-urban areas
6. How is the New Mexico Partnership different from the New Mexico Economic Development Department?
The New Mexico Partnership’s sole mission is to recruit and attract jobs from outside of the state while the New Mexico Economic Development Department is responsible for assisting
New Mexico’s own businesses and communities in achieving their economic goals.