Industry Profiles

From the high technology business, to business teleservices, from information on aerospace engineering and biomedical engineering companies to mechanical engineering and MEMS technology, from energy, electronics and digital businesses, local industries are enhanced by the close proximity to extraordinary, world-renowned research facilities that propel the economy of Metro New Mexico. All our industries are supported with excellent infrastructure, access to venture capital and other financial incentives, and established communities of vendors and customers. Many New Mexico companies benefit from the close proximity and partnership potential of our two national laboratories.

New Mexico and its cities rank:

• No. 1- (Albuquerque) 200 cities nationwide in 'Best Places For Business And Careers' (2006) - Forbes Magazine
• No.1- Lowest Cost of Doing Business (2006) - Forbes Magazine
• No. 1-Increase in venture capital investments (2007) - CFED's "Development Report Card for the States"
• No. 1-Number of PH.D.s in science and enginerring-9.08 per 1000 workers (2007) - CFED's "Development Report Card for the States"
• No. 1-Federal monies for research and development (2007) - CFED's "Development Report Card for the States"
• No. 1- (Albuquerque) Among the fastest-appreciating real estate markets (2005) - California Real Estate Journal
• No. 2- For medical schools for UNM School of Medicine for Rural Medicine (2006) - U.S. News and World Report
• No. 2- (Albuquerque) Arts Destination (2006) - American Style Magazine
  
• No. 3- on list of '50 Smart Places to Live (2006) - Kiplinger's Personal Finance
• No. 3-(Albuquerque) best city for Hispanics (2006) - Hispanic Magazine
  
• No. 4- (New Mexico) Small Tech Industry (2006) - Small Times Magazine
• No. 5- (Albuquerque) Fifth best city to call home if you're a moviemaker  -MovieMaker Magazine
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• No. 5- (Albuquerque) Top 40 Real Estate Markets for Expansion or Relocation (2005) - Expansion Management Magazine
• No. 6- (Albuquerque) Best investment market for commercial property (2005) - New York Times
• No. 6- Installed wind electricity generating capacity (2006) - American Wind Energy Assoc.
• No. 6- (New Mexico) in concentration of tech workers in the nation (2006) - American Electronics Association
• No. 8- (Albuquerque) Among the largest US cities for offering the best lifestyle options for families on the move - Worldwide ERC and Primacy Relocation of TN (2006)
• No. 8 (Albuquerque) best mid-size metro in the nation for public schools (2006) - Expansion Management
• No. 9- For medical schools, for UNM School of Medicine for Family Medicine (2006) - US News and World Report
• New Mexico is ranked one of the top ten places to shoot a movie - P3
  
• No. 10- In number of engineers as a percent of total employment (2005) - Forbes Magazine
• No. 10- Smartest Cities in America (2006) - Bizjournal.com
• No. 12- (Santa Fe) in PhD Degrees per capita (2005) - Expansion Management Magazine
• No. 13- (Albuquerque) fittest city in the nation (2006) - Men's Fitness
  
• No. 14 - For Technology Innovation and Business Development (2004) - Milken Institute State Technology & Science Index
• No. 14- (Albuquerque) best mid-size city for entrepreneurs (2006) - Entrepreneur Magazine

Due to a history of strong federal presence including Sandia National Laboratories, Los Alamos National Laboratory and Kirtland Air Force Base, many of Metro New Mexico's major employers fall into the non-profit or government sectors, although there are several major private sector employers in the state. Recent closures provide opportunities for businesses to acquire experienced employees and to find the perfect locations.

Top 15 Private Sector Employers for 2006

Source: Albuquerque Economic Development, Inc.