Company profile
New Mexico Economic Development Department
Expanding opportunity. Supporting businesses. Building a stronger future for New Mexico families.
- Industry
- Government Administration
- Employees
- 53
- Headquarters
- Santa Fe, New Mexico
- LinkedIn followers
- 6,875
- Office locations
- 1
New Mexico Economic Development Department company summary
New Mexico Economic Development Department is a company in the Government Administration industry, headquartered in Santa Fe, New Mexico. On LinkedIn the company has around 53 employees and 6,875 followers.
What technology does New Mexico Economic Development Department use?
No technologies detected yet. Warmrank rechecks company websites on a rolling basis.
About New Mexico Economic Development Department
Economic Development New Mexico enhances and leverages a competitive environment to create jobs, develops the tax base and provides incentives for business development. Since 2011, we've made New Mexico's business climate one of the best in the country. We've cut taxes 61 times, including a 22% decrease to the Corporate Income Tax. We've also enacted Single Sales Factor for headquarters and manufacturers and we've ended tax pyramiding on consumables for manufacturing. We've expanded our deal closing fund, LEDA. LEDA funds are used to offset business expenses in expansions or relocation – like construction and infrastructure. We've also expanded and strengthened our highly rated Job Training Incentive Program (JTIP). This award-winning workforce training program has demonstrated strong performance since 1972. JTIP funds training for newly-created jobs in expanding or relocating businesses for up to 6 months and reimburses 50-75% of employee wages. These pillars are supplemented by various powerful tools such as High Wage Jobs Tax Credit, Investment Tax Credit, R&D Tax Credit, and Industrial Revenue Bonds. New Mexico is strategically located with proximity to the West Coast, Mexico, Texas, mountain states, and the Midwest. Ideal for a broad array of business, New Mexico’s mild weather and low risk for natural disasters permits continuity of business operations, as well as a great place to live, work, and raise a family.
Where is New Mexico Economic Development Department located?
New Mexico Economic Development Department lists 1 location.
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Frequently asked questions about New Mexico Economic Development Department
What does New Mexico Economic Development Department do?
Economic Development New Mexico enhances and leverages a competitive environment to create jobs, develops the tax base and provides incentives for business development. Since 2011, we've made New Mexico's business climate one of the best in the country. We've cut taxes 61 times, including a 22% decrease to the Corporate Income Tax. We've also enacted Single Sales Factor for headquarters and manufacturers and we've ended tax pyramiding on consumables for manufacturing. We've expanded our deal closing fund, LEDA. LEDA funds are used to offset business expenses in expansions or relocation – like construction and infrastructure. We've also expanded and strengthened our highly rated Job Training Incentive Program (JTIP). This award-winning workforce training program has demonstrated strong performance since 1972. JTIP funds training for newly-created jobs in expanding or relocating businesses for up to 6 months and reimburses 50-75% of employee wages. These pillars are supplemented by various powerful tools such as High Wage Jobs Tax Credit, Investment Tax Credit, R&D Tax Credit, and Industrial Revenue Bonds. New Mexico is strategically located with proximity to the West Coast, Mexico, Texas, mountain states, and the Midwest. Ideal for a broad array of business, New Mexico’s mild weather and low risk for natural disasters permits continuity of business operations, as well as a great place to live, work, and raise a family.
How many employees does New Mexico Economic Development Department have?
New Mexico Economic Development Department has around 53 employees on LinkedIn.
Where is New Mexico Economic Development Department headquartered?
New Mexico Economic Development Department is headquartered in Santa Fe, New Mexico.
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