Planning a business? Almost ready to launch? New Mexico is home to hundreds
of resources and a community of supportive entrepreneurs.
Starting from scratch isn’t easy. Luckily, there are organizations that can help you research and plan.
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Whether you’re looking for office or production space, advice on hiring, or just a fellow entrepreneur to talk to, it helps to have a network.
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There are a lot of ways to fund your new business. From micro loans to angel investment to venture capital, learn about your funding options.
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Whether you’ve been here for generations or are just settling in, we’re here to help.
New Mexico has one of the most generous training incentive programs in the country. The Job Training Incentive Program (JTIP) funds classroom and on-the-job training for newly-created jobs in expanding or relocating businesses for up to 6 months. The program reimburses 50-75% of employee wages. Custom training at a New Mexico public educational institution may also be reimbursed.
The New Mexico State Legislature created JTIP, formerly known as the Industrial Development Training Program, or “in plant training,” in 1972. Since then, JTIP has supported the creation of more than 1,600 training projects and the creation of nearly 47,000 jobs.
For more information on JTIP, contact the New Mexico Economic Development Department.
Patrick Gannon, JTIP Program Manager
(505) 470.3572 or Patrick.Gannon@state.nm.us
Explore the plethora of resources our state offers with this extensive directory of programs and incentives as well as service organizations and facilities available here in our state for building business and economy.
Regional representatives are the heroes of our team, they serve every corner of the state and are ready to answer your questions, help you navigate incentives, get technical assistance, and more.
There's a reason the visionaries at Virgin Galatic, Facebook, and Netflix choose to make New Mexico their home base.
The New Mexico Partnership works in coordination with NMEDD to assist businesses considering moving to New Mexico. They offer a coordinated approach and can help simplify the site selection process and provide expertise on talent availability, critical infrastructure, R&D institutions and more.
New Mexico Economic Development Department
Main number: (505) 827-0300 (se habla español)
Email: info@edd.nm.gov
Joseph M. Montoya Building
1100 S. St. Francis Drive
Santa Fe, NM 87505
Albuquerque Office
500 Marquette Ave NW Suite 640
Albuquerque, NM 87102
Mailing Address:
New Mexico Economic
Development Department
P.O. Box 20003
Santa Fe, NM 87504-5003
The mission of the New Mexico Economic Development Department is to Improve the lives of New Mexico families by increasing economic opportunities and providing a place for businesses to thrive.
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