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 |
|
|
|
|
| ✓ |
