New Mexico provides a number of incentives for businesses that want to expand their existing operations or want to locate in NM. Two of the most popular incentives are Local Economic Development Act (LEDA) grants and Job Training Incentive Program (JTIP) funds. These programs offer cash reimbursements for land, buildings, infrastructure, or for the training of your NM workforce.
For more information on these programs and the incentives listed below please reach out to us.
Table of Contents
Logistics, Distribution, and Transportation
- Locomotive Fuel Gross Receipts & Compensating Tax Exemption
- Trade Support Company in a Border Zone
Advanced Manufacturing
- Angel Investment Credit
- Consumables Gross Receipts Tax Deduction for Manufacturers
- High Wage Jobs Tax Credit
- Investment Tax Credit for Manufacturers
- Rural Jobs Tax Credit
- Single Sales Factor
- Trade Support Company in a Border Zone
Energy and Natural Resources
- El Paso Electric’s New Mexico SCORE® Plus Program
- Advanced Energy Deduction & Advanced Energy Tax Credit
- Alternative Energy Product Manufacturer’s Tax Credit
- Biodiesel Blending Facility Tax Credit
- Biomass-Related Equipment & Materials Deduction
- Renewable Energy Production Tax Credit
Aerospace
- Aircraft Deduction
- Directed Energy and Satellites
- High Wage Jobs Tax Credit
- Military Acquisition Program Tax Deduction
- Research and Development Tax Deduction
- Rural Jobs Tax Credit
- Spaceport-Related Activities Gross Receipts Tax Deductions
Back Office and Technical Support
- Financial Management Tax Credit
- High Wage Jobs Tax Credit
- Rural Jobs Tax Credit
Sustainable and Value Added Agriculture
- Beer & Wine Producers’ Preferential Tax Rate
- Consumables Gross Receipts Tax Deduction for Manufacturers
- Investment Tax Credit for Manufacturers
- Rural Jobs Tax Credit
- Single Sales Factor
Emerging and Digital Media
- Angel Investment Credit
- Film Post Production Services 25% Refundable Tax Credit
- Rural Software Development Gross Receipts Tax Deduction
- Technology Jobs and Research and Development Tax Credit
- Web Hosting Gross Receipts Tax Deduction