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

Research Affiliation

• The Space Alliance Technology Outreach Program (SATOP): sponsored by NASA, the program encourages organizations that have received NASA research funds in the past to become Alliance Partners for the purpose of economic development support to the small business community.

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.