It’s Different Here.

Smart incentives, strategic location, and temperate weather are just a few of the reasons innovators choose New Mexico.

The New Mexico Difference

Stay Stay

With an affordable cost of living, an enviable climate and a unique sense of place, New Mexico offers a place your employees will love and want to stay.

Go Further Go Further

With a competitive business climate that rewards organizations that think differently and dream big, your business can go further here.

Innovate Innovate

With a long history of innovation and the infrastructure to support tech and advanced manufacturing industries (including 3 national research labs and 3 research universities), we’re pioneers for the future.

We make it easier

No tax for property-in-transit through the state or warehoused for delivery out-of-state
No inventory tax
No gross receipts tax on consumables used in manufacturing
No intangible property tax
No tax on real estate transactions
Among the lowest property tax in the nation
Single sales factor apportionment methodology for manufacturers
No estate, inheritance, or gift taxes

Targeted Growth

Governor Michelle Lujan Grisham has designated nine target industries for growth. EDD is dedicated to helping grow a sustainable, appropriate, and diverse economy by focusing support on these industry sectors.

Aerospace
Film & TV
Intelligent Manufacturing
Outdoor Rec
Cybersecurity

Sustainable/Green Energy
Biosciences
Sustainable/Value-added Agriculture
Global Trade

Forward looking innovation

New Mexico has a rich environment for technology commercialization via 3 national laboratories, 3 renowned research universities, and many nonprofit research institutions. Most of these institutions offer specialized services and facilities to entrepreneurs and businesses.

Land of Enchantment

With an average of over 300 days of sunshine per year, dry climate, a rarity of extreme weather conditions, and plenty of open spaces provides an excellent backdrop for new businesses, films, and sustainable energy options. NM provides a wide range of geography, elevation, and opportunity.

Check out our photo gallery!