MANUFACTURING
Research and development capacity, combined with plentiful natural resources, an excellent climate, low cost of doing business and aggressive job creation incentives equate to a growing manufacturing sector when other states are experiencing declines.
WHY ALBUQUERQUE?
Manufacturing companies from around the world are realizing the potential New Mexico has to offer. Advanced manufacturing in New Mexico is diverse and includes everything from bioscience and medical manufacturing, food production and value-added agriculture products, to cutting-edge aerospace and space manufacturing.
4x
NORE CONCENTRATED THAN THE NATIONAL AVERAGE FOR SEMICONDUCTOR MANUFACTURING (2023)
50%
JOB GROTH IN SEMICONDUCTOR MANUFACTURING (2018-2023)
Top 5
FOR THE CONCENTRATION OF SEMICONDUCTOR PROCESSING TECHNICIANS (4X THE NATIONAL AVG, 2023)
INDUSTRY CLUSTERS
Nestled within the pro business climate of New Mexico, new economic opportunities strengthen the potential for sustainable and green energy development in solar, wind, geothermal, and hydrogen.
MAJOR EMPLOYERS
These industries have enjoyed comfortable expansions thanks to the unique assets anchored within the region.
“Ebon Solar is proud to be an innovator in technologies that support renewable energy,” Ebon Solar CEO Judy Cai said. “The choice of Albuquerque for our investment aligns with our commitment to sustainable innovation, and New Mexico offers abundant solar resources, favorable renewable energy policies, and a dedicated, skilled workforce. These factors enhance Ebon Solar’s capital investment and production capabilities and make the City of Albuquerque, Bernalillo County, and the State of New Mexico ideal partners as we integrate into the clean energy market.”
– Judy Cai, President & CEO , Ebon Solar
SUSTAINABLE WORKFORCE
Manufacturers help to drive New Mexico’s economy, with $3.46 billion in manufactured goods exports in 2020. That same year, $2.44 billion in exports was with our free trade agreement (FTA) partners. This helps create jobs in the state, and 18.8% of its employment stemmed from exports in 2011. Small businesses comprised 84% percent of all exporters in New Mexico.
16,500
MANUFACTURING JOBS IN THE ALBUQUERQUE METRO
6.7 %
5-YEAR JOB GROWTH, 2017-2022
PROGRAMS AND INCENTIVES
New Mexico has no inventory tax and the lowest effective tax rate for manufacturers in the nine-state Western region. The state has proactively worked to maintain a business-friendly environment with some of the strongest incentive programs in the U.S.