Space pioneers found New Mexico 75 years ago and the industry continues to grow here thanks to an ideal climate, restricted air space, testing facilities, Spaceport America and more.
According to NMBio.org, biosciences in New Mexico makes up more than one-half of all R&D conducted in the state. The industry employs more than 7,000 with 640 industry establishments.
Both of New Mexico’s U.S. Department of Energy labs conduct extensive research in cybersecurity. New Mexico is also home to the Air Force Research Lab and White Sands Missile Range and a growing cluster of firms in the cybersecurity industry.
Now home to Netflix’ U.S. production base and a NBCUniversal production hub, New Mexico offers beautiful locations, history, culture, one of the largest crew bases in the country, and a very generous refundable tax credit.
New Mexico exports more than $3.5B in goods worldwide. Our largest trading partner is, of course, Mexico, followed by China and Japan. Computer & electronic products, at $2B, is the largest category of products exported from here. The state is also a destination for foreign direct investment, with companies including CN Wire, Admiral Cable and Rhino Health manufacturing products here.
In New Mexico, intelligent manufacturing often begins with a new technology born here. Companies like SolAero, UbiQD and 3D Glass Solutions are all examples of companies manufacturing products with a commercialized New Mexico technology. Great incentives like JTIP and LEDA, and the West’s best climate for manufacturing are all great reasons to make your product here.
With over 300 days of sunshine annually, New Mexico has tremendous untapped solar capacity. About 25 percent of the electricity produced in New Mexico comes from renewable sources. The Energy Transition Act, signed into law in 2019, set aggressive renewable energy portfolio standards for the state. The Act mandates zero-carbon emissions by 2050.
In New Mexico, we know where our food comes from. Our spicy, unique foods sell globally and food processing is growing here. Competitive electric prices, land costs, and wages separate New Mexico from other states.