Digital Business & Media Advantages

State-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:

• Job Training Incentive Program
• Film Production Tax Credit
  
• Filmmaker Gross Receipts Tax Deduction
• SIC Equity Investment Fund

• Web Hosting Tax Deduction

Trade Associations/Other Resources

• Albuquerque Film Office is part of the city of Albuquerque's economic development department.
• International Game Developers Association (IGDA) has an Albuquerque/Rio Grande chapter that holds regular meetings and educational events. 
• Media Industries Strategy Project is Governor Bill Richardson' initiative for a strong, sustainable media industry in New Mexico. It includes an annual film makers conference, a media industries conference and resources to help digital and media business thrive in New Mexico.
• New Mexico Film Office offers services such as a location breakdown, arranging itineraries for location scouts, acts as a liaison with other agencies and offers guidance throughout the permitting process.
• New Mexico Technology Council business and technology peer groups for IT products and services.