Slideshow"Santa Fe has the only sizable concentration of informatics firms in the U.S." -Wired Magazine Television, Film, Thrive in New MexicoWhen the City of Rio Rancho gave Lions Gate Entertainment 20 acres of land (valued at $1 million dollars) plus another $1 million to purchase 32 acres with which to build a studio, it wasn’t just gambling. Lions Gate has filmed two seasons of the ABC Family series Wildfire in Metro New Mexico, and in late 2006 the network signed up for a third. The production originally received a $4 million interest-free loan to film in Rio Rancho, Albuquerque and Algodones. The series, and later the studio, was attracted by the state’s attractive mix of labor tax credits and financing options."New Mexico offers a combination of quality of life plus economic advantages that will help us as a company to manage both our cost and expand ou capacity." -Tim Sarnoff, Pres., Sony Pictures Imagesworks |
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Digital Business & Media AdvantagesState-wide incentives make New Mexico very competitive in a high-tech global market. With more than 850 companies employing 12,000-15,000 people, IT/Software is one of our largest high-tech clusters, while film production is rapidly becoming a thriving economic force in the state. New Mexico offers a 25% tax rebate on all production expenditures that are subject to taxation by the state and a no-interest loan for up to $15M for qualifying feature films or television projects. The state also offers a 50% wage reimbursement program for on-the-job training of state residents in technical and crew positions. The state offers:
Trade Associations/Other Resources
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