Learn more about relocating or expanding to New MexicoNew Mexico business climate, manufacturer incentives, and advantages of NM communities |
 |
New Mexico Business Data*  Population: 2,009,671 Total Labor Force: 944,400 Unemployment Rate: 6.7% Number of Manufacturers: 1,776 Manufacturing Jobs: 42,497
Right to Work: No
Unemp. Ins. Tax: 0.05–5.4%
|
Corporate Income Tax:
Graduated: 4.8% for net incomes under $500,000; $24,000 plus 6.4% of net income over $500,000; $56,000 plus 7.6% of net income over $1,000,000. Sales Tax:
5.125%. Receipts from selling property to persons in the manufacturing business, from selling the service of combining or processing materials to a manufacturer, or the sale of property to be used in the manufacture of jewelry may be deducted. Property Tax:
The State Assessed Properties Bureau (SAPB) values property and processes property tax returns and establishes the values of these properties. Leading Manufacturing Industries:
(by % of total manufacturing employment) 14% Electronic and other electric equipment 14% Food and kindred products 12% Industrial machinery and equipment 8% Printing and publishing 7% Stone, clay and glass products Largest Manufacturing Establishments:
(by number of employees) Intel Corp. (Rio Rancho) - 3,500
Honeywell Aerospace (Albuquerque) - 900 Ethicon Endo-Surgery, Inc. (Albuquerque) - 800 Mosaic Potash Carlsbad, Inc. (Carlsbad) - 650 Intrepid Potash N.M., LLC (Carlsbad) - 650 |
Counties with the Most Manufacturing Jobs:
Bernalillo - 23,120 San Juan - 7,349 Lea - 4,993 Sandoval - 4,889 Eddy - 4,829 Cities with the Most Manufacturing Jobs:
Albuquerque - 23,012 Farmington - 5,332 Rio Rancho - 4,554 Hobbs - 3,774 Carlsbad - 2,751 Manufacturing Related Business Incentives:
• High Wage Jobs Tax Credit
• Manufacturers' Investment Tax Credit • New Markets Tax Credit • Rural Jobs Tax Credit • Technology Jobs Tax Credit • Aircraft Manufacturing Tax Deduction • Research & Development Tax Deduction • Agricultural Business Tax Deductions and Exemptions • Advanced Energy Tax Credits • Alternative Energy Product Manufacturers Tax Credit • Renewable Energy Production Tax Credit • Solar Energy Systems Gross Receipts Tax Exemption • Research & Development Small Business Tax Credit • Community Development Revolving Loan Fund (CDRLF) • Smart Money Loan Participation Fund • Job Training Incentive Program (JTIP) |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
New Mexico Economic Development Department
The Department's Community, Business and Rural Development Team works closely with the local economic development organizations to provide a variety of assistance for New Mexico businesses.
1100 Saint Francis Drive, Santa Fe, NM 87505 (Map & Aerial View)
(505) 827-0300
www.gonm.biz
Albuquerque Economic Development
AED is a private, non-profit organization whose mission is to recruit business and industry and help local companies grow in order to generate quality job opportunities in the Albuquerque metro area. AED provides confidential assistance to businesses considering the area for expansion and new investment.
851 University Blvd, SE, Suite 203, Albuquerque, NM 87106 (Map & Aerial View)
(505) 246-6200
www.abq.org
Carlsbad Department Of Development
A private non-profit organization that is dedicated to the growth of Eddy County and Carlsbad's manufacturing, mining, energy production and nuclear industries. Offer local incentives and vital networking with leaders from local and state government and business organizations.
P.O. Box 1090, Carlsbad, NM 88221 (Map & Aerial View)
(575) 887-6562
www.developcarlsbad.org
New Mexico Partnership
The Partnership is a professional, business-focused, collaborative organization committed to providing a high level of value to companies considering relocating or expanding to New Mexico.
117 Gold Ave. SW, Albuquerque, NM 87102 (Map & Aerial View)
(505) 247-8500
www.nmpartnership.com
Otero County Economic Development
OCEDC serves the citizens of Otero County by recruiting, promoting and facilitating the creation of new industries and assisting in the retention and expansion of existing businesses within the county. The purpose of these efforts is to achieve diversified, industrial, and civic growth to the area, thereby ensuring a stable job-market for the citizens of Otero County.
1301 N. White Sands Blvd., Alamogordo, NM 88310 (Map & Aerial View)
(575) 434-5882
(575) 437-7139 Fax
www.ocedc.com
Truth Or Consequences & Sierra County Chamber Of Commerce
Sierra County with the cities of Truth or Consequences and Elephant Butte, is the best kept secret in the state of New Mexico and the entire Southwest Region. For years, Sierra County has laid claim to some of the most beautiful mountain and desert terrain in the entire state. We also have exclusive rights to the only area in the state, or region, that teems with activity with the largest lake in the state, or southwestern region, Elephant Butte Lake.
207 S. Foch St., Truth or Consequences, NM 87901 (Map & Aerial View)
(575) 894-3536
www.torcchamber.com
New Mexico Industrial News:
Industrial Directory Reports New Mexico Lost Manufacturing Jobs In 2012 (4/2/2013)
Industrial Directory Reports New Mexico Gained Manufacturing Jobs Over Past Year (3/20/2012)
Industrial Directory Reports New Mexico Manufacturing Jobs Remained Steady Over Year (3/4/2011)
New Mexico Manufacturing Jobs Declined 5.2% Over Past Year (2/11/2010)
State Industrial Directory Reports New Mexico Manufacturing Jobs Down Slightly In 2007 (2/26/2008)
Industry Guide Reports New Mexico Manufacturing Jobs Up 1.6%; Plants Down 2.6% (2/20/2007)
New Mexico Manufacturing: Plants Up 54; Jobs Up 700 (2/24/2006)
Industrial Directory Reports New Mexico Lost Manufacturing Jobs In 2012 (4/2/2013)
Industrial Directory Reports New Mexico Gained Manufacturing Jobs Over Past Year (3/20/2012)
Industrial Directory Reports New Mexico Manufacturing Jobs Remained Steady Over Year (3/4/2011)
New Mexico Manufacturing Jobs Declined 5.2% Over Past Year (2/11/2010)
State Industrial Directory Reports New Mexico Manufacturing Jobs Down Slightly In 2007 (2/26/2008)
Industry Guide Reports New Mexico Manufacturing Jobs Up 1.6%; Plants Down 2.6% (2/20/2007)
New Mexico Manufacturing: Plants Up 54; Jobs Up 700 (2/24/2006)
Looking to reach New Mexico manufacturers? Access the New Mexico Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/24/2013.
Powered by
