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 | ✓ | ✓ | ✓ |
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|
|
Industrial Revenue Bond | ✓ | ✓ | ✓ |
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|
|
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 | ✓ | ✓ | ✓ |
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|
|
Industrial Revenue Bond | ✓ | ✓ | ✓ |
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|
|
STATE OF NEW MEXICO | n/a | n/a | n/a | n/a | n/a | n/a |
Local Economic Development Act - Capital Outlay | ✓ | ✓ | ✓ |
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|
|
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 | ✓ | ✓ | ✓ |
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|
|
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 |
|
|
|
|
| ✓ |