Economy of New Mexico
Encyclopedia
Oil and gas production, tourism, and federal government spending are important drivers of New Mexico
's economy. State government has an elaborate system of tax credits and technical assistance to promote job growth and business investment, especially in new technologies.
In 2010 New Mexico's Gross Domestic Product was $79.7 billion.
In 2007 the per capita personal income
was $31,474 (rank 43rd in the nation).
In 2005 the percentage of persons below the poverty level was 18.4%.
The New Mexico Tourism Department estimates that in Fiscal Year 2006 the travel industry in New Mexico generated expenditures of $6.5 billion.
Limited, scientifically controlled dryland farming
prospers alongside cattle ranching. Major crops include hay, nursery stock, pecans, and chile peppers. Hay and sorghum
top the list of major dryland crops. Farmers also produce onions, potatoes, and dairy products. New Mexico specialty crops include piñon nut
s, pinto bean
s, and chiles.
The Carlsbad and Fort Sumner reclamation projects on the Pecos River
and the nearby Tucumcari project provide adequate water for limited irrigation in those areas of the desert and semiarid portions of the state where scant rainfall evaporates rapidly, generally leaving insufficient water supplies for large-scale irrigation. Located upstream of Las Cruces
, the Elephant Butte Reservoir
provides a major irrigation source for the extensive farming along the Rio Grande
. Other irrigation projects use the Colorado River
basin and the San Juan River.
Lumber mills in Albuquerque
process pinewood, the chief commercial wood of the rich timber economy of northern New Mexico.
Mineral extraction: New Mexicans derive much of their income from mineral extraction. Even before European exploration, Native Americans mined turquoise for making jewelry. After the Spanish introduced refined silver alloys they were incorporated into the Indian jewelry designs. New Mexico produces uranium
ore (see Uranium mining in New Mexico
), manganese
ore, potash
, salt, perlite
, copper ore, beryllium
, and tin
concentrates.
, State crude oil output is typically just over 3 percent of the annual U.S. total, and natural gas output is nearly 10 percent of the U.S. total. New Mexico also contains major coal deposits in the northwest corner of the State. Nine tenths of electricity production in the State is from coal-fired plants. Much of New Mexico’s geologically active Rocky Mountain region holds geothermal power potential, and pockets of the State are suitable for wind power development. New Mexico’s southern deserts offer the State's most concentrated solar power potential.
The Waste Isolation Pilot Plant
(WIPP) is located
Many of the federal jobs relate to the military; the state hosts three air force bases (Kirtland Air Force Base
, Holloman Air Force Base
, and Cannon Air Force Base
); a testing range (White Sands Missile Range
); and an army proving ground and maneuver range (Fort Bliss
– McGregor Range).
In addition to the National Guard, New Mexico has a New Mexico State Defense Force
. Other minor locations include the New Mexico Army National Guard Headquarters in Santa Fe county and the National Guard Armory
in far northern Rio Rancho in Sandoval county.
Other federal installations include national observatories and the technology labs of Los Alamos National Laboratory
(LANL) and Sandia National Laboratories
(SNL). SNL conducts electronic and industrial research on Kirtland AFB, on the southeast side of Albuquerque. These installations also include the missile and spacecraft proving grounds at White Sands
. Other federal agencies such as the National Park Service
, the United States Forest Service
, and the United States Bureau of Land Management are a big part of the state's rural employment base.
, the first space tourism
company to develop commercial flights into space, has decided to put its world headquarters and mission control at Spaceport America
in Upham, New Mexico
(25 miles (40 km) south of Truth or Consequences
); Virgin Galactic had its inaugural launch of the VSS Enterprise
spaceship in 2008, and has begun launching ordinary citizens since early 2009.
The New Mexico Tourism Department estimates that in Fiscal Year 2006 the travel industry in New Mexico generated expenditures of $6.5 billion.
The private service economy in urban New Mexico, especially in Albuquerque, has boomed in recent decades. Since the end of World War II, the city has gained an ever-growing number of retirees, especially among armed forces veterans and government workers. It is also increasingly gaining notice as a health conscious community, and contains many hospitals and a high per capita number of massage and alternative therapists. The warm, semiarid climate has contributed to the exploding population of Albuquerque, attracting new industries to New Mexico. By contrast, many heavily Native American and Hispanic rural communities remain economically underdeveloped.
Garson Studios
The most established Movie production facility is on the campus of the College of Santa Fe. Garson Studios has helped turned out many feature length films with its soundstage and high tech equipment. url = http://www.garsonstudios.com/
• 14000 square feet (1,300.6 m²) Soundstage
• Dimensions: 127' l x 110' w x 33' h
• Hard Cyclorama 77' l x 55' w x 24' h
• 1600 amp./ 3-phase
• Production offices
• Wardrobe facilities
• Ample phone/fax lines
• High-speed Internet
• Storage lockups
• Ample fenced parking
• Trailer hook-ups
• Student interns
• Short and long-term rentals
New Mexico Filmmaker’s Intensive url = http://www.filmmakersintensive.com/
Funded in part by a $1 million grant from the state of New Mexico, the New Mexico Filmmakers Intensive builds on the national reputation of the Moving Image Arts Department at the College of Santa Fe. With state-of-the-art equipment, world-class facilities and an extraordinary faculty of film industry professionals, the goal of the New Mexico Filmmakers Intensive is to support and cultivate emerging voices in American cinema right here in New Mexico.
Film and television post-production is also growing with companies such as Sony Imageworks establishing a permanent home in the state.
rates for New Mexico range from 1.7% to 4.9%, within four income brackets.
Beginning in 2007, active-duty military salaries are exempt from the state income tax.
New Mexico imposes a Gross Receipts Tax on businesses. This resembles a sales tax
but unlike the sales taxes in many states it applies to services as well as tangible goods. Normally the business passes the tax on to the purchaser. There is a tax imposed by the state and there may also be local taxes imposed by counties and cities.
As of July 1, 2008 the combined tax rate ranged from 5.125% to 8.4375%.
Property tax
is imposed on real property by the state, by counties, and by school districts. In general personal property is not taxed. The taxable value of property is 1/3 of the assessed value. A tax rate of about 30 mill
s is applied to the taxable value, resulting in an effective tax rate of about 1%. In the 2005 tax year the average millage was about 26.47 for residential property and 29.80 for non-residential property. Assessed values of residences cannot be increased by more than 3% per year unless the residence is remodeled or sold.
New Mexico law allows governments to provide land, buildings, and infrastructure to businesses to promote job creation. Several municipalities have imposed an Economic Development Gross Receipts Tax
(a form of Municipal Infrastructure GRT) that is used to pay for these infrastructure improvements and for marketing their areas.
The state provides financial incentives for film production. The New Mexico Film Office estimated at the end of 2007 that the incentive program had brought more than 85 film projects to the state since 2003 and had added $1.2 billion to the economy.
New Mexico
New Mexico is a state located in the southwest and western regions of the United States. New Mexico is also usually considered one of the Mountain States. With a population density of 16 per square mile, New Mexico is the sixth-most sparsely inhabited U.S...
's economy. State government has an elaborate system of tax credits and technical assistance to promote job growth and business investment, especially in new technologies.
In 2010 New Mexico's Gross Domestic Product was $79.7 billion.
In 2007 the per capita personal income
Per capita income
Per capita income or income per person is a measure of mean income within an economic aggregate, such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate and dividing it by the total population...
was $31,474 (rank 43rd in the nation).
In 2005 the percentage of persons below the poverty level was 18.4%.
The New Mexico Tourism Department estimates that in Fiscal Year 2006 the travel industry in New Mexico generated expenditures of $6.5 billion.
Major industries/products
| New Mexico Industries by 2004 Taxable Gross Receipts (000s) | |
|---|---|
| Retail Trade | 12,287,061 |
| Construction | 5,039,555 |
| Other Services (excluding Public Administration) | 4,939,187 |
| Professional, Scientific and Technology Services | 3,708,527 |
| Accommodation and Food Services | 2,438,460 |
| Wholesale Trade | 2,146,066 |
| Health Care and Social Assistance | 1,897,471 |
| Utilities | 1,654,483 |
| Mining and Oil and Gas Extraction | 1,238,211 |
| Manufacturing | 926,372 |
| Information and Cultural Industries | 849,902 |
| Unclassified Establishments | 725,405 |
| Real Estate and Rental and Leasing | 544,739 |
| Finance and Insurance | 254,223 |
| Transportation and Warehousing | 221,457 |
| Public Administration | 159,013 |
| Educational Services | 125,649 |
| Arts, Entertainment and Recreation | 124,017 |
| Admin & Support, Waste Management & Remediation | 73,062 |
| Agriculture, Forestry, Fishing and Hunting | 71,853 |
| Management of Companies and Enterprises | 48,714 |
| Totals | 39,473,429 |
| Source: State of New Mexico Department of Labor | |
Agricultural and mining
Cattle and dairy products top the list of major animal products of New Mexico. Cattle, sheep, and other livestock graze most of the arable land of the state throughout the year.Limited, scientifically controlled dryland farming
Dryland farming
Dryland farming is an agricultural technique for non-irrigated cultivation of drylands.-Locations:Dryland farming is used in the Great Plains, the Palouse plateau of Eastern Washington, and other arid regions of North America, the Middle East and in other grain growing regions such as the steppes...
prospers alongside cattle ranching. Major crops include hay, nursery stock, pecans, and chile peppers. Hay and sorghum
Sorghum
Sorghum is a genus of numerous species of grasses, one of which is raised for grain and many of which are used as fodder plants either cultivated or as part of pasture. The plants are cultivated in warmer climates worldwide. Species are native to tropical and subtropical regions of all continents...
top the list of major dryland crops. Farmers also produce onions, potatoes, and dairy products. New Mexico specialty crops include piñon nut
Pine nut
Pine nuts are the edible seeds of pines . About 20 species of pine produce seeds large enough to be worth harvesting; in other pines the seeds are also edible, but are too small to be of great value as a human food....
s, pinto bean
Common bean
Phaseolus vulgaris, the common bean, is an herbaceous annual plant domesticated independently in ancient Mesoamerica and the Andes, and now grown worldwide for its edible bean, popular both dry and as a green bean. The leaf is occasionally used as a leaf vegetable, and the straw is used for fodder...
s, and chiles.
The Carlsbad and Fort Sumner reclamation projects on the Pecos River
Pecos River
The headwaters of the Pecos River are located north of Pecos, New Mexico, United States, at an elevation of over 12,000 feet on the western slope of the Sangre de Cristo mountain range in Mora County. The river flows for through the eastern portion of that state and neighboring Texas before it...
and the nearby Tucumcari project provide adequate water for limited irrigation in those areas of the desert and semiarid portions of the state where scant rainfall evaporates rapidly, generally leaving insufficient water supplies for large-scale irrigation. Located upstream of Las Cruces
Las Cruces, New Mexico
Las Cruces, also known as "The City of the Crosses", is the county seat of Doña Ana County, New Mexico, United States. The population was 97,618 in 2010 according to the 2010 Census, making it the second largest city in the state....
, the Elephant Butte Reservoir
Elephant Butte Reservoir
Elephant Butte Reservoir is a reservoir on the Rio Grande in the U.S. state of New Mexico, north of Truth or Consequences. It is impounded by Elephant Butte Dam and is the largest reservoir in New Mexico...
provides a major irrigation source for the extensive farming along the Rio Grande
Rio Grande
The Rio Grande is a river that flows from southwestern Colorado in the United States to the Gulf of Mexico. Along the way it forms part of the Mexico – United States border. Its length varies as its course changes...
. Other irrigation projects use the Colorado River
Colorado River
The Colorado River , is a river in the Southwestern United States and northwestern Mexico, approximately long, draining a part of the arid regions on the western slope of the Rocky Mountains. The watershed of the Colorado River covers in parts of seven U.S. states and two Mexican states...
basin and the San Juan River.
Lumber mills in Albuquerque
Albuquerque, New Mexico
Albuquerque is the largest city in the state of New Mexico, United States. It is the county seat of Bernalillo County and is situated in the central part of the state, straddling the Rio Grande. The city population was 545,852 as of the 2010 Census and ranks as the 32nd-largest city in the U.S. As...
process pinewood, the chief commercial wood of the rich timber economy of northern New Mexico.
Mineral extraction: New Mexicans derive much of their income from mineral extraction. Even before European exploration, Native Americans mined turquoise for making jewelry. After the Spanish introduced refined silver alloys they were incorporated into the Indian jewelry designs. New Mexico produces uranium
Uranium
Uranium is a silvery-white metallic chemical element in the actinide series of the periodic table, with atomic number 92. It is assigned the chemical symbol U. A uranium atom has 92 protons and 92 electrons, of which 6 are valence electrons...
ore (see Uranium mining in New Mexico
Uranium mining in New Mexico
Uranium mining in New Mexico, a state of the United States, was a significant industry from the early 1950s until the early 1980s. Although New Mexico has the second largest identified uranium ore reserves of any state in the US , no uranium ore has been mined in New Mexico since 1998.-White...
), manganese
Manganese
Manganese is a chemical element, designated by the symbol Mn. It has the atomic number 25. It is found as a free element in nature , and in many minerals...
ore, potash
Potash
Potash is the common name for various mined and manufactured salts that contain potassium in water-soluble form. In some rare cases, potash can be formed with traces of organic materials such as plant remains, and this was the major historical source for it before the industrial era...
, salt, perlite
Perlite
Perlite is an amorphous volcanic glass that has a relatively high water content, typically formed by the hydration of obsidian. It occurs naturally and has the unusual property of greatly expanding when heated sufficiently...
, copper ore, beryllium
Beryllium
Beryllium is the chemical element with the symbol Be and atomic number 4. It is a divalent element which occurs naturally only in combination with other elements in minerals. Notable gemstones which contain beryllium include beryl and chrysoberyl...
, and tin
Tin
Tin is a chemical element with the symbol Sn and atomic number 50. It is a main group metal in group 14 of the periodic table. Tin shows chemical similarity to both neighboring group 14 elements, germanium and lead and has two possible oxidation states, +2 and the slightly more stable +4...
concentrates.
Energy
New Mexico is rich in fossil fuel and renewable energy resources. Major petroleum and natural gas deposits are located in the Permian Basin in southeast New Mexico and in the San Juan Basin in the northwest. The San Juan Basin Gas Area is the largest field of proved natural gas reserves in the United States. According to the Energy Information AdministrationEnergy Information Administration
The U.S. Energy Information Administration is the statistical and analytical agency within the U.S. Department of Energy. EIA collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking, efficient markets, and public understanding of energy and...
, State crude oil output is typically just over 3 percent of the annual U.S. total, and natural gas output is nearly 10 percent of the U.S. total. New Mexico also contains major coal deposits in the northwest corner of the State. Nine tenths of electricity production in the State is from coal-fired plants. Much of New Mexico’s geologically active Rocky Mountain region holds geothermal power potential, and pockets of the State are suitable for wind power development. New Mexico’s southern deserts offer the State's most concentrated solar power potential.
The Waste Isolation Pilot Plant
Waste Isolation Pilot Plant
The Waste Isolation Pilot Plant, or WIPP, is the world's third deep geological repository licensed to permanently dispose of transuranic radioactive waste for 10,000 years that is left from the research and production of nuclear weapons...
(WIPP) is located
Manufacturing
Industrial output, centered around Albuquerque, includes electric equipment; petroleum and coal products; food processing; printing and publishing; and stone, glass, and clay products. Defense-related industries include ordnance. Important high-technology industries include lasers, data processing, and solar energy.Government and Military
Federal government spending is a major driver of the New Mexico economy. In 2005 the federal government spent $2.03 on New Mexico for every dollar of tax revenue collected from the state. This rate of return is higher than any other state in the Union. The federal government is also a major employer in New Mexico providing more than a quarter of the state's jobs.Many of the federal jobs relate to the military; the state hosts three air force bases (Kirtland Air Force Base
Kirtland Air Force Base
Kirtland Air Force Base is a United States Air Force base located in the southeast quadrant of the Albuquerque, New Mexico urban area, adjacent to the Albuquerque International Sunport. The base was named for the early Army aviator Col. Roy C. Kirtland...
, Holloman Air Force Base
Holloman Air Force Base
Holloman Air Force Base is a United States Air Force base located six miles southwest of the central business district of Alamogordo, a city in Otero County, New Mexico, United States. The base was named in honor of Col. George V. Holloman, a pioneer in guided missile research...
, and Cannon Air Force Base
Cannon Air Force Base
Cannon Air Force Base is a United States Air Force Base, located approximately southwest of Clovis, New Mexico. It is under the jurisdiction of Air Force Special Operations Command ....
); a testing range (White Sands Missile Range
White Sands Missile Range
White Sands Missile Range is a rocket range of almost in parts of five counties in southern New Mexico. The largest military installation in the United States, WSMR includes the and the WSMR Otera Mesa bombing range...
); and an army proving ground and maneuver range (Fort Bliss
Fort Bliss
Fort Bliss is a United States Army post in the U.S. states of New Mexico and Texas. With an area of about , it is the Army's second-largest installation behind the adjacent White Sands Missile Range. It is FORSCOM's largest installation, and has the Army's largest Maneuver Area behind the...
– McGregor Range).
In addition to the National Guard, New Mexico has a New Mexico State Defense Force
New Mexico State Defense Force
The New Mexico State Guard is authorized by state law and the New Mexico constitution. The NM State Guard was formerly known as the NM State Defense Force. It is controlled by the New Mexico National Guard and has the governor of the state as its Commander-in-Chief.Procedures and training for the...
. Other minor locations include the New Mexico Army National Guard Headquarters in Santa Fe county and the National Guard Armory
Armory (military)
An armory or armoury is a place where arms and ammunition are made, maintained and repaired, stored, issued to authorized users, or any combination of those...
in far northern Rio Rancho in Sandoval county.
Other federal installations include national observatories and the technology labs of Los Alamos National Laboratory
Los Alamos National Laboratory
Los Alamos National Laboratory is a United States Department of Energy national laboratory, managed and operated by Los Alamos National Security , located in Los Alamos, New Mexico...
(LANL) and Sandia National Laboratories
Sandia National Laboratories
The Sandia National Laboratories, managed and operated by the Sandia Corporation , are two major United States Department of Energy research and development national laboratories....
(SNL). SNL conducts electronic and industrial research on Kirtland AFB, on the southeast side of Albuquerque. These installations also include the missile and spacecraft proving grounds at White Sands
White Sands Missile Range
White Sands Missile Range is a rocket range of almost in parts of five counties in southern New Mexico. The largest military installation in the United States, WSMR includes the and the WSMR Otera Mesa bombing range...
. Other federal agencies such as the National Park Service
National Park Service
The National Park Service is the U.S. federal agency that manages all national parks, many national monuments, and other conservation and historical properties with various title designations...
, the United States Forest Service
United States Forest Service
The United States Forest Service is an agency of the United States Department of Agriculture that administers the nation's 155 national forests and 20 national grasslands, which encompass...
, and the United States Bureau of Land Management are a big part of the state's rural employment base.
Tourism and Retirement
Virgin GalacticVirgin Galactic
Virgin Galactic is a company within Richard Branson's Virgin Group which plans to provide sub-orbital spaceflights to the paying public, along with suborbital space science missions and orbital launches of small satellites...
, the first space tourism
Space tourism
Space Tourism is space travel for recreational, leisure or business purposes. A number of startup companies have sprung up in recent years, hoping to create a space tourism industry...
company to develop commercial flights into space, has decided to put its world headquarters and mission control at Spaceport America
Spaceport America
Spaceport America is a spaceport located in the Jornada del Muerto desert basin in New Mexico, United States. It lies north of El Paso, north of Las Cruces, east of Truth or Consequences...
in Upham, New Mexico
Upham, New Mexico
Upham is an uninhabited, unincorporated town and place in Sierra County, New Mexico, United States. It has gained recognition for being near the site for the Spaceport America facility being developed by the New Mexico Spaceport Authority...
(25 miles (40 km) south of Truth or Consequences
Truth or Consequences, New Mexico
Truth or Consequences is a spa city and the county seat of Sierra County, New Mexico, United States. As of the 2000 census, the population was 7,289. It is commonly known within New Mexico as T or C....
); Virgin Galactic had its inaugural launch of the VSS Enterprise
VSS Enterprise
The VSS Enterprise is the first of five commercial suborbital spacecraft being constructed for Virgin Galactic by Scaled Composites....
spaceship in 2008, and has begun launching ordinary citizens since early 2009.
The New Mexico Tourism Department estimates that in Fiscal Year 2006 the travel industry in New Mexico generated expenditures of $6.5 billion.
The private service economy in urban New Mexico, especially in Albuquerque, has boomed in recent decades. Since the end of World War II, the city has gained an ever-growing number of retirees, especially among armed forces veterans and government workers. It is also increasingly gaining notice as a health conscious community, and contains many hospitals and a high per capita number of massage and alternative therapists. The warm, semiarid climate has contributed to the exploding population of Albuquerque, attracting new industries to New Mexico. By contrast, many heavily Native American and Hispanic rural communities remain economically underdeveloped.
Movie and TV
Feature films have used New Mexico as a location since The Indian School in 1898. Financial incentives and construction of facilities (such as The Albuquerque Studios) have created opportunities for locally based crew members with production reaching an all time high in 2007. As of the end of August 2007, 30 major projects have been filmed in the state, more than in any other calendar year in history.Garson Studios
The most established Movie production facility is on the campus of the College of Santa Fe. Garson Studios has helped turned out many feature length films with its soundstage and high tech equipment. url = http://www.garsonstudios.com/
• 14000 square feet (1,300.6 m²) Soundstage
• Dimensions: 127' l x 110' w x 33' h
• Hard Cyclorama 77' l x 55' w x 24' h
• 1600 amp./ 3-phase
• Production offices
• Wardrobe facilities
• Ample phone/fax lines
• High-speed Internet
• Storage lockups
• Ample fenced parking
• Trailer hook-ups
• Student interns
• Short and long-term rentals
New Mexico Filmmaker’s Intensive url = http://www.filmmakersintensive.com/
Funded in part by a $1 million grant from the state of New Mexico, the New Mexico Filmmakers Intensive builds on the national reputation of the Moving Image Arts Department at the College of Santa Fe. With state-of-the-art equipment, world-class facilities and an extraordinary faculty of film industry professionals, the goal of the New Mexico Filmmakers Intensive is to support and cultivate emerging voices in American cinema right here in New Mexico.
Film and television post-production is also growing with companies such as Sony Imageworks establishing a permanent home in the state.
Taxes
Beginning in 2008, personal income taxIncome tax
An income tax is a tax levied on the income of individuals or businesses . Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate...
rates for New Mexico range from 1.7% to 4.9%, within four income brackets.
Beginning in 2007, active-duty military salaries are exempt from the state income tax.
New Mexico imposes a Gross Receipts Tax on businesses. This resembles a sales tax
Sales tax
A sales tax is a tax, usually paid by the consumer at the point of purchase, itemized separately from the base price, for certain goods and services. The tax amount is usually calculated by applying a percentage rate to the taxable price of a sale....
but unlike the sales taxes in many states it applies to services as well as tangible goods. Normally the business passes the tax on to the purchaser. There is a tax imposed by the state and there may also be local taxes imposed by counties and cities.
As of July 1, 2008 the combined tax rate ranged from 5.125% to 8.4375%.
Property tax
Property tax
A property tax is an ad valorem levy on the value of property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state or a municipality...
is imposed on real property by the state, by counties, and by school districts. In general personal property is not taxed. The taxable value of property is 1/3 of the assessed value. A tax rate of about 30 mill
Mill (currency)
The mill or mille is a now-abstract unit of currency used sometimes in accounting. In the United States, it is a notional unit equivalent to of a United States dollar...
s is applied to the taxable value, resulting in an effective tax rate of about 1%. In the 2005 tax year the average millage was about 26.47 for residential property and 29.80 for non-residential property. Assessed values of residences cannot be increased by more than 3% per year unless the residence is remodeled or sold.
Economic incentives
New Mexico provides a number of economic incentives to businesses operating in the state, including various types of tax credits and tax exemptions. Most of the incentives are based on job creation.New Mexico law allows governments to provide land, buildings, and infrastructure to businesses to promote job creation. Several municipalities have imposed an Economic Development Gross Receipts Tax
Gross receipts tax
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is similar to a sales tax, but it is levied on the seller of goods or service consumers...
(a form of Municipal Infrastructure GRT) that is used to pay for these infrastructure improvements and for marketing their areas.
The state provides financial incentives for film production. The New Mexico Film Office estimated at the end of 2007 that the incentive program had brought more than 85 film projects to the state since 2003 and had added $1.2 billion to the economy.
Largest employers
(Not ranked by size)- Northern
- College of Santa FeCollege of Santa FeSanta Fe University of Art and Design is an institution of creative and performing arts based in Santa Fe, New Mexico. The university offers programs in creative writing, theatre, art, graphic design, moving image arts , music, and photography, based on a liberal arts core curriculum...
- Boy Scouts of AmericaBoy Scouts of AmericaThe Boy Scouts of America is one of the largest youth organizations in the United States, with over 4.5 million youth members in its age-related divisions...
- U.S. Bureau of Land Management (BLM)
- Mesa Air GroupMesa Air GroupMesa Air Group, Inc. is a Nevada Corporation commercial aviation holding company with headquarters in Suite 100 at 410 North 44th Street in the Camelback East area of Phoenix, Arizona, United States. The company operates one regional airline subsidiary: Mesa Airlines, and five supporting...
- Navajo NationNavajo NationThe Navajo Nation is a semi-autonomous Native American-governed territory covering , occupying all of northeastern Arizona, the southeastern portion of Utah, and northwestern New Mexico...
- Los Alamos National LaboratoryLos Alamos National LaboratoryLos Alamos National Laboratory is a United States Department of Energy national laboratory, managed and operated by Los Alamos National Security , located in Los Alamos, New Mexico...
- Wal-MartWal-MartWal-Mart Stores, Inc. , branded as Walmart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000...
- New Mexico State Government
- New Mexico Department of Transportation
- Northern New Mexico CollegeNorthern New Mexico CollegeNorthern New Mexico College, formerly known as Northern New Mexico Community College, is a two-year and four-year degree granting institution with campuses in Española and El Rito, New Mexico...
- College of Santa Fe
- Central
- PNM ResourcesPNM ResourcesPNM Resources is an energy holding company based in the U.S. state of New Mexico. The acronym PNM by itself usually refers to the PNM Resources subsidiary Public Service Company of New Mexico...
and PNM Electric & Gas Services - Presbyterian Health Plan
- Sandia National LaboratoriesSandia National LaboratoriesThe Sandia National Laboratories, managed and operated by the Sandia Corporation , are two major United States Department of Energy research and development national laboratories....
- Intel
- University of New MexicoUniversity of New MexicoThe University of New Mexico at Albuquerque is a public research university located in Albuquerque, New Mexico, in the United States. It is the state's flagship research institution...
- New Mexico State Government
- Kirtland Air Force BaseKirtland Air Force BaseKirtland Air Force Base is a United States Air Force base located in the southeast quadrant of the Albuquerque, New Mexico urban area, adjacent to the Albuquerque International Sunport. The base was named for the early Army aviator Col. Roy C. Kirtland...
- PNM Resources
- Eastern
- Albertson'sAlbertsons LLCAlbertsons LLC is a North American grocery company based in Boise, Idaho, with over 240 supermarkets located in Arizona, New Mexico, Colorado, Texas, Louisiana, Arkansas, and Florida under the Albertson's and Super Saver Foods banners...
Supermarket - KmartKmartKmart, sometimes styled as "K-Mart," is a chain of discount department stores. The chain acquired Sears in 2005, forming a new corporation under the name Sears Holdings Corporation. The company was founded in 1962 and is the third largest discount store chain in the world, behind Wal-Mart and...
- U.S. Postal Service
- Wal-MartWal-MartWal-Mart Stores, Inc. , branded as Walmart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000...
- Navajo Refining Company
- U.S. National Park Service (NPS)
- Allsup's Convenience Stores
- Albertson's
- Southwestern
- Immigration and Naturalization ServiceImmigration and Naturalization ServiceThe United States Immigration and Naturalization Service , now referred to as Legacy INS, ceased to exist under that name on March 1, 2003, when most of its functions were transferred from the Department of Justice to three new components within the newly created Department of Homeland Security, as...
(INS) - Lockheed Engineering and Sciences
- New Mexico State UniversityNew Mexico State UniversityNew Mexico State University at Las Cruces , is a major land-grant university in Las Cruces, New Mexico, United States...
- Lovelace Healthcare
- PepsiPepsiPepsi is a carbonated soft drink that is produced and manufactured by PepsiCo...
Bottling - New Mexico Institute of Mining and TechnologyNew Mexico Institute of Mining and TechnologyNew Mexico Institute of Mining and Technology is a university located in Socorro, New Mexico....
- U.S. Army (Fort BlissFort BlissFort Bliss is a United States Army post in the U.S. states of New Mexico and Texas. With an area of about , it is the Army's second-largest installation behind the adjacent White Sands Missile Range. It is FORSCOM's largest installation, and has the Army's largest Maneuver Area behind the...
)
- Immigration and Naturalization Service
-
- Source: Economic Research & Analysis Bureau New Mexico Department of Labor