Key Advantages to doing business in New Mexico
- World-class research and development facilities
- Highly-skilled technical workforce
- Advanced manufacturing capabilities
- Low cost manufacturing environment
- Lower energy costs:
- Reliable, substantially less expensive electricity
- Abundant natural gas
- Abundant, affordable land
- Strategic location for West coast, Midwest and border markets, vendors, suppliers
- Excellent transportation corridors provided by I-10, I-25, I-40
- Temperate weather, lack of natural disasters, minimal airport closures
- Stable, pro-business climate with State level commitment to growth
- Incentives
- Job training
- Tax credits
- Grants
- Quality of Life
- Diverse population and communities
- Extensive creative and cultural opportunities
- Abundant outdoor recreation
Fast Facts
For more in-depth information, visit the Info Center
- Labor Force: 885,000
Population: 1,800,000 (2000 census)
Average wage per job: $28,700 - 15th lowest in US
Median age: 34.6 years
Workers Compensation: #36 in the nation - California is #1
College education: 22% of the population have at least a bachelors degree
PhDs as a percentage of the workforce: #1 in the nation
- Research budgets of New Mexico's National Labs + research universities: $5bn annually
- Albuquerque and Santa Fe were cited by Carnegie Mellon's Professor Richard Florida as centers of the "Creative Class"- those people whose economic function is to create new ideas, new technology, and new creative content.
- Energy extraction: #2 in US
- Days of sunshine: 360
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