It’s Time To Take a Closer Look at New Mexico
February 8, 2017
Now is a great time to invest in New Mexico. Recent changes to the state’s tax structure — which has further improved the state’s operating environment — along with a talented workforce and aggressive financial incentives make New Mexico an attractive location for long-term success.
A study by Ernst & Young and the New Mexico Tax Research Institute determined that New Mexico has reduced tax rates for manufacturing by nearly 60 percent — the greatest drop, by far, in the western states studied. New Mexico’s after-credit manufacturing rate is now at 3.3 percent — the best in the region.
Additionally, the nonpartisan Tax Foundation recognized New Mexico’s successful bipartisan approach between Governor Susana Martinez and the state legislature with its prestigious award for “Outstanding Achievement in State Tax Reform.” These recent, significant improvements to the state’s business climate are only part of the reason why it’s time to take a closer look at New Mexico.