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State, Provincial, & International Reviews

Tuesday, May 29 2018

It was El Paso, now ­­it’s Santa Teresa.

Just 23 minutes from El Paso, one New Mexico town is proving that leveraging New Mexico’s ingenuity, partnerships, natural advantages, business friendly environment, and incentives can make big things happen.

New Mexico can talk about incentives and pro-growth policies, and their rural jobs tax credits, or tout their single sales factor tax policy, gross receipts tax reductions and renewable energy production tax credits all of which help businesses in the state. They could also talk about how the state makes investments and makes it easy to get the infrastructure companies need. New Mexico can also talk about their growing technology sectors, amazing quality of life for employees, low effective tax rates and much more.

But, more impressively, they are able to point to how all of that is making a difference.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 04:43 pm   |  Permalink   |  Email
Wednesday, July 26 2017

New Mexico is a land of great diversity with complementary cultures, varied geography and assets, and a dedicated workforce all make the state an attractive location for many different types of businesses. Industries that have established themselves in New Mexico include aerospace and defense, advanced manufacturing, value-added agriculture, logistics and distribution, technology commercialization, energy and renewable resources, and digital media.

The state's regions vary as much as its assets and geography. The following is an overview of each region, their key communities, assets and industry targets, to assist with many project location needs.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:45 am   |  Permalink   |  Email
Monday, May 23 2016

New Mexico is a land of great diversity with complementary cultures, varied geography and assets, and a dedicated workforce all make the state an attractive location for many different types of businesses. Industries that have established themselves here include aerospace and defense, advanced manufacturing, value-added agriculture, logistics and distribution, technology commercialization, energy and renewable resources, and digital media.

The state's regions vary as much as its assets and geography. The following is an overview of each region, their key communities, assets and industry targets, to assist with many project location needs.

Region 1: Northwestern New Mexico
Key communities: Rio Rancho, Farmington, Gallup, Grants, Navajo Nation
Northwestern New Mexico is home to branch campuses of the University of New Mexico and New Mexico State University as well Navajo Technical University and San Juan College and the School of Energy. Oil, gas and mining industries have called this area home for many years and boasts leading-edge technology and skills for these extractive industries. Transportation and logistics infrastructure is firmly in place with Interstate 40 (California to North Carolina) and BNSF passing through the region and communities such as Gallup and Grants.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 02:23 pm   |  Permalink   |  Email
Wednesday, May 20 2015

More and more manufacturers from around the country and the world are starting to notice New Mexico as a leading center for commerce, industry, and trade. Thanks to a new business-friendly attitude, New Mexico continues to grow as an ideal location for manufacturers to produce their goods with access to more markets around the country and the world.

A more business-friendly environment, an improved tax climate, a capable workforce, and leadership that seeks to harness the power of a diverse economy - all contribute to this growing success. Governor Susana Martinez and economic development secretary Jon Barela are pursuing smart policies and developing strategic relationships to bring business leaders and innovators to the state, creating strong partnerships as they continue to diversify New Mexico’s economy and reduce reliance on spending from the federal government.

What’s even more remarkable is that these bold reforms were just the beginning. When Governor Martinez took office in 2011, New Mexico had virtually no closing fund, which is used to grow existing businesses and attract new ones from other states and countries. Under Governor Martinez’s leadership, New Mexico has now increased this critical resource to $37.5 million (known as Local Economic Development Act, or LEDA). This is a bold approach to helping businesses thrive with the infrastructure they need to succeed.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 12:38 pm   |  Permalink   |  Email
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