What makes a manufacturer choose a new home? Most reasons are simple and pragmatic. Abundance of land at reasonable prices, affordable and sustainable energy, attractive tax structures as well as generous incentives and training programs are all appealing.
New Mexico offers all of the advantages your company needs to prosper in an increasingly competitive, global economy. We have a highly skilled and trainable workforce which is key to any manufacturing operation. We support our current manufacturers with an expansive trucking and rail distribution and our location on the border positions a company to utilize our unique maquila enterprise opportunities.
Synonymous with Mexico manufacturing, Maquiladoras are Mexican assembly plants that manufacture finished goods for export. Let us show you how a maquila partnership can benefit your company.
Maquiladoras are generally owned by non-Mexican corporations that take advantage of affordable Mexican workforce, advantageous tariff regulations, and close proximity to U.S markets. New Mexico is part of a three state, two country region known as the Borderplex. Hub Zone status is an advantage for companies seeking government business and Foreign Trade Zone status to allow duty free imports. Two fast-moving New Mexico crossings and three crossings located in nearby El Paso provide easy access to the maquiladoras across the border. Additionally, trade support companies within 20 miles of the Mexican border are exempt from sales tax for up to five years, and Texas residents who work for companies within 20 miles of the Mexican border don’t pay state income taxes in New Mexico.
In July 2008, Foxconn, one of the world’s largest manufacturers of electronics and computer components announced that it was establishing a 3-million-square-foot operation on a 440-acre campus, eventually employing 20,000 people. This massive production facility will be the largest maquiladora (twin plant) operation in the history of Mexico’s 40-year maquiladora program. Foxconn could have located this operation anywhere along the U.S.-Mexico border, but it chose San Jeronimo, just steps away from New Mexico’s Port of Entry in Santa Teresa. Ask us about our border advantage!