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When Quality of Life Closes the Location Decision Deal

Mark Crawford (Dec/Jan 10)
When it comes to choosing a location, quality of life is a minor consideration for some. But for others, it makes all the difference. More

States Use Incentives to Attract Renewable Energy Business

Richard K. Greene, Senior Associate, The Williams Group Real Estate Advisors (Nov 09)
As the economy recovers, one particularly bright spot will be manufacturing for the renewable energy industry, which is already enjoying healthy popular and government support. More

New Mexico: Technology and Alternative Energy to Drive Future Growth

Mary Lou Byrd (Aug/Sep 09)
New Mexico's decision-makers are proactively planning for aerospace and solar energy projects to create jobs. More

Solar Industry’s Bright Future

Ralf Segeth, Senior Manager, Apricum — The Cleantech Advisory (June/July 09)
The solar industry has evolved into one of the key investment fields worldwide, and market forecasts continue to project double-digit growth for the coming years. More
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New Mexico  At A Glance
POPULATION: 1,900,000 (2004 Census)

LABOR FORCE: 900,000

Right to work: No

TRADITIONAL INDUSTRIES: R&D, diary production & processing, electronics manufacturing, agriculture, extractive industries

EXPANDING INDUSTRIES: Renewable energy, aerospace manufacturing, advanced business services, optics, electronics-component manufacturing, telecommunications, maquiladora suppliers, aviation/aerospace

COLLEGE GRADUATES: (Age 25 and over) 29.3%

BASIC BUSINESS TAXES:
Corporate Income Tax:
4.8 percent on the first $500,000 of net income; $24,000 plus 6.4 percent of income over $500,000 for income between $500,000 and $1 million; $56,000 plus 7.6 percent of income over $1 million

Sales Tax (Gross Receipts Tax): 5 percent on property sold or leased and on services, including services performed out of state but initially used in state; additional tax may be imposed by local cities and counties

Property Tax: Real and tangible property is assessed at 33.3 percent of value, but many counties and municipalities offer abatements for new business locations and expansions

Personal Income Tax: New Mexico uses a four-bracket, graduated-rate table ranging from 1.7 percent to 5.3 percent of taxable income

There is no state inventory tax

BUSINESS INCENTIVES:
High-Wage Job Tax Credit
Job Training Incentive Program
State Industrial Revenue Bond Program
Rural Jobs Tax Credit
Local Economic Development Act
Film Investment Program
Film Tax Credit
Agriculture-related tax deductions/exemptions
Call Center Capital Equipment Tax Credit
Venture capital investments
Manufacturer’s Investment Tax Credit
Technology Jobs Tax Credit
R&D Gross Receipts Tax Credit
Recovery Zone Facility Bonds
New Markets Tax Credit
Advanced Energy Tax Credit
Alternative Energy Product Manufacturers’ Tax Credit

New Mexico Chart
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