The Governor
The Governor
Trailblazers
First Look

Industry Focus

Incentives

Our Communities

Data Center

Site Map

Contact Us

About Us
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