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synch — Tue, 12 Sep 2006 10:58:19 -0600

Infrastructure: Utilities

jan — Tue, 20 Jun 2006 14:25:41 -0600

Utilities

With utility rates among the lowest in the country, Metro New Mexico offers your company another business savings:

Electricity and natural gas

A majority of the metro area's electricity is provided by Public Service Company of New Mexico (PNM), one of the most reliable power providers in the country. Electric rates in New Mexico are lower that those in surrounding and competitive states.
New Mexico Gas Company is providing natural gas services to a majority of the region.
Central NM Electric Cooperative is organized as a non-profit, consumer owned cooperative and is headquartered in Mountainair, NM, with another office in Moriarity. CNMEC serves customers in parts of Bernalillo, Sandoval, Santa Fe, Valencia and Torrance counties, including the Estancia Valley. The company owns 4,156 miles of transmission lines and has invested $59.5 million to serve its members.

Drought-Resistant Industry

The Metro New Mexico region is primarily high desert, with an average rainfall of 9-14 inches/year. Our communities are learning to manage their water resources to ensure a supply for future generations while meeting water compact obligations. These goals will be achieved through a combination of active conservation efforts, a search for new sources, technological progress in water reclamation and re-use, and an active market in unused water rights. While water-intensive industries never make sense in a desert, almost all industries will find a more than adequate supply of water to meet their needs.

Water
Each community in the metro area handles its own water and sewer services.

Technology

synch — Fri, 09 Jun 2006 13:01:57 -0600

Rankings

synch — Fri, 09 Jun 2006 13:01:50 -0600

Openings & Closings

synch — Fri, 09 Jun 2006 13:01:44 -0600

Quality of Life

synch — Fri, 09 Jun 2006 13:01:34 -0600

Investments

synch — Fri, 09 Jun 2006 13:01:27 -0600

Business

synch — Fri, 09 Jun 2006 13:01:15 -0600

Incentives: Industry Specific Incentives

shawna — Thu, 25 May 2006 10:36:21 -0600

Industry Specific Incentives

The incentives in this section apply to specific industries. Find your category below:

Aviation & Aerospace Incentives
Energy Incentives
Technology & Electronics Incentives
Manufacturing Incentives
Digital Business & Media Incentives
Operations Centers Incentives

Aviation & Aerospace Incentives

Aerospace Research & Development Tax Deduction
Receipts from selling R&D services performed in New Mexico and sold to the U.S. Air Force are deductible from gross receipts.

Aircraft Manufacturing Tax Deduction
Receipts from the sale of aircraft by an aircraft manufacturer are deductible from gross receipts.

Aircraft Refurbishing and Remodeling Tax Deduction
Receipts from refurbishing, remodeling or modifying aircraft over 10,000 pounds in New Mexico are deducible from gross receipts.

Space Operation Deduction
Receipts from launching, operating or recovering space vehicles or payloads in New Mexico or preparing payloads and operating a spaceport in New Mexico are deductible from gross receipts.

Aerospace & Military Research And Testing Compensating Tax Deductions
Deductions from compensating tax for use in aerospace and military research and testing activities within New Mexico.

Energy Incentives

Alternative Energy Product Manufacturers’ Tax Credit
This tax credit was created by the State of New Mexico to encourage the manufacturing of “advanced energy products.” Manufacturers can receive a 5% credit on their equipment. The credit went into effect July 1, 2007.

Renewable Energy Production Tax Credit
Provides $0.01/kwh corporate income tax credit for for 10 years for the first 400,000 mwh of electricity produced each year by a renewable energy facility using wind, solar or biomass energy.

Biomass-Related Equipment Compensating Tax Deduction
The value of biomass-related equipment may be deducted in computing compensating tax due.

Energy Efficiency and Renewable Energy Bonding Act
The state can issue bonds for $20 million in energy efficiency upgrades.

The Efficient Use of Energy Act
Public utilities required to evaluate the potential for energy efficiency improvements and implement programs to increase energy efficiency.

Clean Energy Grants Program
Appropriates $3 million for grants for clean energy projects and hydrogen energy technology for municipalities and other eligible community, tribal, and state entities.

Technology & Electronics Incentives

Technology Jobs Tax Credits

Tax credits up to 8% of expenditures (including payroll) available for research and development in urban areas, doubling to 16% in rural communities.

Research & Development Gross Receipts Tax Deduction
R&D services exported from the state are deductible from the gross receipts tax.

Research & Development Small Business Tax Credit
Qualified small businesses receive a tax credit equal to the sum of all gross receipts, compensating and withholding taxes due if at least 20% of their total annual expenses are for R&D.

Rural Software and Web site Gross Receipts Tax Deduction
Receipts from software and web development services located in rural New Mexico are deductible from the gross receipts tax.

Manufacturing Incentives

Manufacturing Investment Tax Credit
A 5% tax credit is available on cost of qualified manufacturing equipment.

Double-Weighted Sales Factor Option for Corporate Income Tax
Favorable formula created for calculating New Mexico corporate income tax liability for manufacturing corporations that export products outside of New Mexico.

Digital Business & Media Incentives

Film Production Tax Credit
A refundable credit on owner's personal or corporate income tax return up to 25% of total direct production costs incurred in New Mexico.

Filmmaker Gross Receipts Tax Deduction
Provides for a gross receipts tax deduction for film production costs purchased in New Mexico.

Film Investment Program
Allows the State of New Mexico to invest in a New Mexico film project or a New Mexico film private equity fund.

Web Hosting Gross Receipts Tax Deduction
Receipts from hosting websites are deductible from gross receipts.

Operations Centers Incentives

Telemarketing Tax Exemptions and Deduction
Telemarketing operations that process orders and inquiries are exempt from both gross receipts tax and the interstate telecommunications gross receipt tax.

Boosting Local Businesses

sandy — Fri, 19 May 2006 12:53:49 -0600

Growing Our Own

Development of New Mexico's economic base occurs when existing businesses stay here and expand, not just when businesses move here from out-of-state. Access to new business grants and loans, attractive corporate relocation incentives and affordable commercial properties in New Mexico help to accomplish both of these goals. Economic-base companies are manufacturers or those that receive more than 51% of their revenue from out-of-state sales.

Alliance members can help your business:

increase out-of-state sales
obtain capital through debt or equity investment
improve business processes
take advantage of existing financial incentive programs
address public or legislative concerns
develop strategic partnerships and profitable alliances.

New Mexico has seen over 10,000 new small businesses since 2005, bringing the current total over 150,000. More than half of which are minority or women-owned. While New Mexico welcomes anyone who wants to start their own business,they encourage women and minorities to join the vastly diverse business population.

Visit our sections on Financing Your Business , Local Incentives, Technology Partnerships, and Business Support Organizations for more information, or read some local success stories. Feel free to email or call us at 800-226-2935 to discuss how we can help your company grow.