An ideal climate, three national research laboratories, three US Air Force Bases, the internationally recognized Spaceport America, three testing facilities, plus 15,000 square miles of restricted air space all combine to create a superior environment for aerospace companies.
With $5.75B being invested as part of production centers created by Netflix and NBCUniversal, New Mexico is a rapidly accelerating media hub and offers beautiful locations, history, culture, and one of the largest crew bases in the country, plus a very generous refundable tax credit.
The state’s deep bench in intelligent manufacturing includes tech industry leaders like Intel along with homegrown companies like SolAero, UbiQD, and 3D Glass Solutions – all examples of locally created and commercialized technology. Low risk of weather events and a stable, dry climate combine with customized incentives to make New Mexico a top tier option for advanced manufacturing.
Home to five national forests, 15 national parks and monuments, 34 state parks, and 26 wilderness areas, New Mexico’s outdoor industry covers everything from bicycling to skiing, stargazing to hot air ballooning, and a range of stunning landscapes and cultural and historical sites. The Outdoor Recreation Division is managed by the New Mexico Tourism Dept.
With 300+ days of sunshine annually, the state contains tremendous untapped solar capacity, not to mention a growing wind and biothermal energy sector, too. As of 2020, renewable energy provided 27% of the state’s utility-scale net generation.
Biosciences make up more than one-half of all R&D conducted in New Mexico, and there is a strong pipeline from the state’s three major research institutions as well as tech transfer initiatives into 600+ companies and organizations.
Long recognized for cattle ranching and farming, New Mexico now leads in dairy production (top 10 in milk, top 5 in cheese), growing pecans, pistachios, and peanuts, creating gold medal craft beer and wine, and a fast growing farm to table and organic produce industry anchored by the state’s reputation as the Chile Capital of the World.
Both of the state’s U.S. Department of Energy labs conduct extensive research in cybersecurity, complemented by work done at the Air Force Research Lab and White Sands Missile Range as well as New Mexico Tech, University of New Mexico, and a growing cluster of firms in the cybersecurity industry.
New Mexico exports more than $3.5B in goods worldwide. Major trading partners include Mexico, China, and Japan. Computer & electronic products, at $2B, is the largest category of products exported. The state is also a destination for foreign direct investment, with companies including CN Wire, Admiral Cable, and Rhino Health manufacturing products here.
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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