There are many reasons why the world’s premier aerospace companies do business in New Mexico. Here are just a few:
In 2014 Governor Susana Martinez signed House Bill 14 which eliminated the gross receipts tax on maintenance services and parts on aircraft. House Bill 14 extended the existing gross receipts tax deduction for aircraft manufacturers to all providers of aircraft parts and labor services. This effort makes New Mexico regionally competitive, fostering more aircraft maintenance instate.
Spaceport America is owned by the State of New Mexico and is the world’s first purpose-built commercial spaceport. Virgin Galactic has entered into a 20 year lease to locate its world headquarters at Spaceport America and launch its space tourism program. The Spaceport Operations Center is a 14,000 square foot dome structure that houses the Spaceport offices, support contractor offices, and emergency response personnel and equipment. The Spaceport runway is 10,000 feet by 200 feet in the 16-34 orientation. The concrete surface is designed to accommodate all classes of aircraft including wide body commercial aircraft. Spaceport America is also used by numerous private companies and scientific and engineering research programs. Currently there are a number of entrepreneurs developing and flying both vertical and horizontal launch vehicles towards exploring commercial space travel opportunities. In addition to Virgin Galactic, Spaceport America clients include Lockheed Martin, Boeing, Moog-FTS, UP Aerospace, Microgravity Enterprises, Armadillo Aerospace, and Celestis.
New Mexico is home to 3 national research laboratories, each of which conducts R&D for the space industry; 3 Air Force bases; and 3 testing facilities with access to the restricted air space in southern New Mexico.
U.S. Air Force Bases:
In February 2012 Governor Martinez signed new legislation creating a gross receipts tax deduction on consumables used in the manufacturing of a product. New Mexico offers a substantial number of tax incentives for new job creation. Three of these incentives are specific to the aerospace industry. Collectively these incentives provide substantial gross receipts tax deductions:
New Mexico’s Job Training Incentive Program (JTIP) has been recognized as one of the best in the nation (ranked 5th by Business Facilities magazine in 2014). The Program has an over 40 year history of assisting businesses with on-the-job and customized workforce training, and has supported the creation of more than 43,000 jobs. JTIP assists economic base companies that are expanding or locating in New Mexico by reimbursing 50% to 75% of trainee wages in newly-created positions for up to 6 months. JTIP funds structured on-the-job training, custom classroom training at a New Mexico educational institution or a combination of the two.
Central New Mexico Community College (CNM) offers three certificates/degrees under Aviation Technology:
Eastern New Mexico University – Roswell offers both an associate’s degree and a Certificate of Completion in Aviation Maintenance Technology.
The University of New Mexico School of Engineering offers a degree in Aerospace Engineering and is currently offering classes in the following fields: