New Mexico

State Profile

New Mexico has improved its business climate more than any state in the western US over the past three years. A recent study by Ernst & Young and the New Mexico Tax Research Institute determined that we have reduced tax rates for manufacturing by nearly 60% – the greatest drop, by far, in the western states studied. New Mexico’s after-credit manufacturing rate is now at 3.3% – the best in the region.

Additionally, the non-partisan Tax Foundation recognised New Mexico’s successful bi-partisan approach between Gov. Susana Martinez and the state legislature with its prestigious award for “Outstanding Achievement in State Tax Reform”.

These recent, significant improvements to the state’s business climate are only part of the reason why it is time to take a closer look at New Mexico.


In recent years, New Mexico has made incredible strides in improving its tax climate and bolstering incentives considerably, leading the Land of Enchantment to become the No.1 state in the western region for manufacturing and export-related job growth nationwide.

Most notable, has been the 22% business tax reduction and virtual elimination of the tax on manufacturers. Additionally, the state’s closing fund, LEDA, has increased to $50 million. And investment in the workforce training incentive, the Job Training Incentives Program (JTIP), has increased. JTIP has been recognised as one of the top five most aggressive workforce

Further Information

For more information, contact:

New Mexico Partnership
1720 Louisiana Boulevard NE
Suite 312
Albuquerque, NM 87110

Tel: +1 505-247-8500

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