Innovators welcome.

New Mexico’s economic growth starts with investing in neighborhoods, communities, and a friendly business environment.


Planning a business? Almost ready to launch? New Mexico is home to hundreds
of resources and a community of supportive entrepreneurs.

Create A Business Plan

Starting from scratch isn’t easy. Luckily, there are organizations that can help you research and plan. 

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Connect With Entrepreneurs

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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Explore Funding Options

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.

Learn About Job Training Incentives

Job Training Incentive Program

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

View Business Resource Directory

Business Resource Directory

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.

Contact Your Regional Representative

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. 

Connect With Your Representative


There's a reason the visionaries at Virgin Galatic, Facebook, and Netflix choose to make New Mexico their home base.  

Discover Our Smart Tax Policies

Discover Our Smart Tax Policies

New Mexico has one of the lowest property tax rates in the nation, plus competitive corporate and individual income tax rates. The state recently phased down its maximum corporate income tax rate to 5.9% and enacted a single sales factor apportionment methodology for manufacturers.
  • New Mexico does not tax 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, including electricity and natural gas
  • No intangible property tax
  • No tax on real estate transactions
  • Lowest property tax in the nation
  • Single sales factor apportionment methodology for manufacturers
  • No estate, inheritance or gift taxes
View New Mexico's Deal Closing Fund
LEDA, or the Local Economic Development Act, is New Mexico’s deal closing fund. LEDA investments provide the building and infrastructure your company needs in its ideal new location. NMEDD targets economic development projects that comply with all legal facets of LEDA. Additional consideration is given to project that demonstrate:
  • Significant Community Impact and Support;
  • Rural and Underserved Areas of New Mexico;
  • Increased Wages and Job Creation;
  • Significant New Capital Investment; and
  • Environmentally Sustainable Outcomes.
Explore Workforce Profiles and Key Data
A diverse workforce, low cost of living, top tier research institutions/facilities, and more. See the data behind New Mexico’s growing community of innovators.

Workforce Profile

The New Mexico Department of Workforce Solutions (DWS) produces a number of data products that provide a complete picture of the state’s labor force, including trends and projections.
Meet The Partnership

Considering moving to New Mexico?
We've got a team to help.

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.

We work with you to find the right location,
incentives, workforce, and resources. World class
customer service from friendly folks.