Aviation & Aerospace Advantages

The business climate in Metro New Mexico encourages strong, healthy industries. The state offers a variety of financial incentives as part of its commitment to developing its economic base.

The state offers:

• Job Training Incentive Program
• High Wage Jobs Tax Credit
• Manufacturing Investment Tax Credit
• Industrial Revenue Bonds (IRBs)
• Double-Weighted Sales Factor Option
• Aircraft Manufacturing Tax Deduction
• Aircraft Refurbishing and Remodeling Tax Deduction
• Aerospace Research & Development Tax Deduction
• Spaceport Operation Exemption

Trade Associations

• Professional Aerospace Contractors Association - PACA was founded in 1984 to promote a healthy and vigorous relationship between the aerospace industry and government agencies in New Mexico.
• American Institute of Aeronautics and Astronautics (Albuquerque section) - AIAA advocates for technological leadership, and a strong and proactive international focus in the aerospace industry
• New Mexico Aviation/Aerospace Association - association will promote three basic goals; creating educational opportunities for people to pursue careers in the industry, providing a unified industry voice in the public arena, and encouraging local companies to network among themselves.