New Mexico Business for Sale - The Business Broker Journal

Per Capita Real GDP: $31,986 Rank: 40/50 (2006)

Population: 1,819,050 Rank: 36/50 (2000)

Per Capita Personal Income: $29,673 Rank: 44/50 (2006)

Unemployment Rate: 3.10% Rank: 6/50 (2008)

Business Tax Climate Index: Rank: 23/50 (2008)

Corporate Tax Rate: 4.8%

Individual Tax Rate: 1.7% - 5.3%

Sales Tax Rate: 5%

Business Tax Climate Index:

Individual Income Tax Index Rank: 17

Sales Tax Index Rank: 41

Unemployment Insurance Tax Index Rank: 13

Property Tax Index Rank: 1

Business Tax Climate Index: 23

Corporate Tax Index Rank: 36

New Mexico The State:

Government spending constitutes a particularly large portion of the New Mexico economy. The government is the single largest employer in the state, due in large part to the numerous military instillations. Construction, tourism, and manufacturing all contribute significantly to the state economy. Oil and gas extraction as a contributor to GDP has increased over 500% in the past decade, making it one of the fastest growing industries in the state. Virgin Galactic, the world’s first private space tourism company, is also based in New Mexico.

State Information

Abbreviation: NM

Capital: Santa Fe

Nick Name The Land of Enchantment

State Web Site: http://www.newmexico.gov

Motto: It grows as it goes

Top 5 Export Partner Countries

China, Malaysia, Philippines, Mexico, Canada

Top 5 Export Merchandise

Transportation Equipment Sales

Chemicals Sales

Electrical Equipment Manufacturing

Chemicals Manufacturing

Machinery Manufacturing

Major Cities

Albuquerque, Las Cruces, Santa Fe

Main Airports:

ABQ Albuquerque International Sunport Albuquerque

SAF Santa Fe Muni Santa Fe

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New Mexico Secretary of State:

Secretary of State (SOS): Information about elections, registered businesses, trademarks, and lobbyists.

New Mexico Small Business Administration:

Small Business Administration

Offers business development counseling and training programs and information on SBA loan programs.

New Mexico SCORE Offices

Albuquerque - Albuquerque SCORE

Las Cruces - Las Cruces SCORE

Santa Fe - SCORE Santa Fe & North NM

Albuquerque Economic Development (AED)

AED is a non-profit organization that is dedicated to creating job opportunities in the Albuquerque metro area. Its website provides regional information that includes history, demographics, utilities, major industries and an extensive list containing information on the chamber of commerce, government, education, and various associations.

New Mexico Economic Development Department

The department is a state-run agency that is charged with fostering economic development in New Mexico. It offers various avenues of business assistance that includes financial aid, local and international expansion, workforce training, ISO-9000 certification, business incubators, and a data center for census information and maps.

New Mexico International Business Accelerator (IBA)

The IBA exists to provide assistance to businesses that are looking to establish themselves in international markets. The site offers counseling, import/export information, global financing, workshops, and contains databases of international trade leads, statistics, and other helpful resources.

New Mexico Small Business Development Center (NMSBDC) at Santa Fe Community College (SFCC)

The NMSBDC is dedicated to assisting current and potential small business ventures in the state. Aside from the lead center in Santa Fe, it also runs 19 satellites to provide easy access for local communities. Providing free business assistance in international trade, marketing, bookkeeping, and hosts a lists of state and national resources for SMBs.

Santa Fe U.S. Export Assistance Center

This branch of the Department of Commerce serves New Mexico and specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided.

Small Business Institute (SBI)

The institute is a part of the University of New Mexico that offers assistance to businesses in the Albuquerque area. It works with about 25 different businesses each semester, and offers free consultations on matters such as business plan development, strategic management, and non-profit management. Interested parties can apply on their website.

State of New Mexico

As the official website of the state of New Mexico, information is provided on government, business, education, living, visiting, and working in the state. Business links include resources for starting a business in New Mexico, licensing information, and state laws and regulations.

UNM Bureau of Business and Economic Research (BBER)

The BBER is a research arm of the University of New Mexico that focuses much of its work on the state. It maintains a data library that contains census and economic information along with publishing the New Mexico Business - Current Economic Report monthly, and hosting several business events.

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