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Home » Why New Mexico » Key Industries
Why New Mexico
  • Overview
  • Key Industries
    • Sustainable & Green Energy
    • Aerospace & Defense
    • Sustainable & Value-Added Agriculture
    • Intelligent Manufacturing
    • Film & Television
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    • Global Trade
    • Cybersecurity
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Key Industries

Aerospace & Defense

Space pioneers found New Mexico 75 years ago and the industry continues to grow here thanks to an ideal climate, restricted air space, testing facilities, Spaceport America and more.

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Biosciences

According to NMBio.org, biosciences in New Mexico makes up more than one-half of all R&D conducted in the state.  The industry employs more than 7,000 with 640 industry establishments.

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Cybersecurity

Both of New Mexico’s U.S. Department of Energy labs conduct extensive research in cybersecurity.  New Mexico is also home to the Air Force Research Lab and White Sands Missile Range and a growing cluster of firms in the cybersecurity industry.

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Film & Television

Now home to Netflix’ U.S. production base and a NBCUniversal production hub, New Mexico offers beautiful locations, history, culture, one of the largest crew bases in the country, and a very generous refundable tax credit.

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Global Trade

New Mexico exports more than $3.5B in goods worldwide.  Our largest trading partner is, of course, Mexico, followed by China and Japan.  Computer & electronic products, at $2B, is the largest category of products exported from here.   The state is also a destination for foreign direct investment, with companies including CN Wire, Admiral Cable and Rhino Health manufacturing products here.

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Intelligent Manufacturing

In New Mexico, intelligent manufacturing often begins with a new technology born here.  Companies like SolAero, UbiQD and 3D Glass Solutions are all examples of companies manufacturing products with a commercialized New Mexico technology.  Great incentives like JTIP and LEDA, and the West’s best climate for manufacturing are all great reasons to make your product here.

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Sustainable & Green Energy

With over 300 days of sunshine annually, New Mexico has tremendous untapped solar capacity.  About 25 percent of the electricity produced in New Mexico comes from renewable sources. The Energy Transition Act, signed into law in 2019, set aggressive renewable energy portfolio standards for the state.  The Act mandates zero-carbon emissions by 2050. 

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Sustainable & Value-Added Agriculture

In New Mexico, we know where our food comes from.  Our spicy, unique foods sell globally and food processing is growing here.  Competitive electric prices, land costs, and wages separate New Mexico from other states.

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NMEDD

New Mexico
Economic Development Department
Joseph M. Montoya Building
1100 S. St. Francis Drive
Santa Fe, NM 87505-4147

Mailing Address:
P.O. Box 20003
Santa Fe, NM 87504-5003

505-827-0300
Fax: 505-827-0328

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Why NM

  • Overview
  • Key Industries
  • Competitive Business Climate
  • Innovation
  • Borderplex
  • New Mexico Climate & Geography
  • Lifestyle
  • Case Studies
  • Community Partners
  • Photo Gallery

Business Development

  • Overview
  • Considering & Planning a Business
  • Starting a Business
  • Growing a Business
  • Resource Directory
  • Stay Informed: Newsletters & Webinars
  • COVID Resources

Site Selection

  • Overview
  • State Data Center Program
  • Find A Property
  • Census Data
  • Workforce Profile
  • Economic Statistics
  • 50 States Data & Incentives Comparisons
  • County Profiles
  • Tribal Profiles

Community Development

  • Overview
  • Local Economic Development Act
  • LEADS
  • FUNDIT
  • New Mexico MainStreet Program
  • Arts & Cultural District
  • Frontier & Native American Communities Initiative
  • New Mexico Historic Theaters Initiative
  • Business Retention & Expansion
  • Business Incubator Certification
  • Local Government Planning Fund
  • Stay Informed: Weekly Newsletters & Webinars
  • COVID Relief Resources
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