Incentives Directory

Gallup, McKinley County & NM Incentives Chart


Allowable Uses

City, County, & State Groupings

Land

Building

Equipment

Utilities

Workforce

Job Creation

CITY OF GALLUP

 n/a

 n/a

  n/a

  n/a

  n/a

 n/a 

Local Economic Development Act

 ✓

✓ 

 ✓

 

 

 

Industrial Revenue Bond

 ✓

 ✓

 ✓

 

 

 

Gross Receipts Investment Policy

 

 

 

 ✓

 

 

Electric Rate Ordinance

 

 

 

 ✓

 

 

McKINLEY COUNTY

 n/a

 n/a

 n/a

 n/a

 n/a

 n/a

Local Economic Development Act

 ✓

 ✓

 ✓

 

 

 

Industrial Revenue Bond

 ✓

 ✓

 ✓

 

 

 

STATE OF NEW MEXICO

 n/a

 n/a

 n/a

 n/a

 n/a

 n/a

Local Economic Development Act - Capital Outlay

 ✓

 ✓

 ✓

 

 

 

Job Training Incentive Program

 

 

 

 

 

 ✓

Step Up Program

 

 

 

 

 ✓

 

Rural Jobs Tax Credit

 

 

 

 

 

 ✓

High Wage Jobs Tax Credit 

 

 

 

 

 

 ✓

GRT Deduction for Manufacturers

 

 

 ✓

 ✓

 

 

Investment Tax Credit

 

 

 ✓

 

 

 ✓

New Markets Tax Credit

 ✓

 ✓

 ✓

 

 

 

Child Care Income Tax Credit

 

 

 

 

 ✓

 


Form of Support

City, County, & State Groupings

Grant

Loan

Reimbursement

Abatement

Deduction

Credit

CITY OF GALLUP n/a n/a n/a n/a n/a n/a
Local Economic Development Act

✓

 

✓

 

 

 

Industrial Revenue Bond

 

✓

 

✓

 

 

Gross Receipts Investment Policy

✓

 

✓

 

 

 

Electric Rate Ordinance

✓

 

 

 

 

 

McKINLEY COUNTY

 n/a

 n/a

 n/a

 n/a

 n/a

 n/a

Local Economic Development Act

✓

 

✓

 

 

 

Industrial Revenue Bond

 

✓

 

✓

 

 

STATE OF NEW MEXICO

 n/a

 n/a

 n/a

 n/a

 n/a

 n/a

Local Economic Development Act - Capital Outlay

✓

 

✓

 

 

 

Job Training Incentive Program

✓

 

✓

 

 

 

Step Up Program

 

 

✓

 

 

 

Rural Jobs Tax Credit

 

 

 

 

 

✓

High Wage Jobs Tax Credit 

 

 

✓

 

 

✓

GRT Deduction for Manufacturers

 

 

 

 

✓

 

Investment Tax Credit

 

 

 

 

 

✓

New Markets Tax Credit

 

✓

 

 

 

✓

Child Care Income Tax Credit

 

 

 

 

 

✓