State and Local Incentives for Businesses Expanding in or Relocating to New Mexico:

Incentives for Manufacturing Companies:

Incentives for Aerospace and Aircraft Industries:

Incentives for Energy and Agriculture:

Incentives for Customer Support Centers:

Incentives for Film Production Industry:

Incentives for Rural Communities (includes Belen, Estancia Valley and Los Lunas):

Other Financial Advantages:

  • No inventory tax.
  • Franchise taxes of only $50 per year.
  • Cultural preservation tax credit for restoring a property on the New Mexico Register of Cultural Properties.
  • Lottery scholarships - free college tuition to all eligible New Mexico high school graduates.
  • In-state tuition at UNM and TVI for transferring families.
  • R&D tax reduction for services sold to out-of-state buyer for initial use.
  • The Severance Tax Loan Program allows the state to buy bonds of companies rated at least Baa or Bbb as long as proceeds are used to establish or expand businesses in New Mexico.
  • Community Development Block Grants - loans in most Metro New Mexico communities can be used for real property, equipment and construction based on hiring a certain number of low-to-moderate income employees.
  • Portion of Severance Tax Permanent Fund available for investment in qualified venture capital funds located in New Mexico.
  • Private Equity Investment Program - A portion of Severance Tax Permanent Fund available for investment in qualified venture capital funds with an office in New Mexico.
  • New Mexico Co-Investment Partnership - a New Mexico private equity fund managed by Fort Washington Capital Partners, which invests equity or debt capital in New Mexico-based businesses.