As the state’s largest electricity provider, PNM serves more than 530K New Mexico residential and business customers in Greater Albuquerque, Rio Rancho, Los Lunas, Belen, Santa Fe, Las Vegas, Alamogordo, Ruidoso, Silver City, Deming, Bayard, Lordsburg and Clayton. We also serve the New Mexico tribal communities of the Tesuque, Cochiti, Santo Domingo, San Felipe, Santa Ana, Sandia, Isleta and Laguna Pueblos
For businesses and large corporations interested in relocating or in growing locally, New Mexico offers a unique advantage you won’t find elsewhere.
New Mexico has long been a science and engineering powerhouse, and the talent here is ideally suited to the needs of the world’s most advanced technology companies.
With 1.7 times the concentration of scientists and 1.5 times the concentration of engineers as the U.S. overall, along with some of the world’s top research institutes, including the University of New Mexico, Sandia National Laboratories and Los Alamos National Laboratory, New Mexico provides the world-class talent you need to create the future today.
New Mexico has the talent you need to manufacture and distribute your product, as well as run your key business functions; it is home to more than 180,000 residents employed in production and distribution occupations and more than 280,000 in business occupations. It also has one of the lowest property tax rates in the nation and no inventory tax. So once you’ve dreamt it and invented it here, you can make it and grow a profitable business out of it here too.
New Mexico is highly integrated into the global supply chain network. Its extensive interstate highway system provides access to 75% of the U.S. population by truck within a two-day drive. Major rail lines provide access throughout the U.S., Canada, and Mexico, and to ports in LA/Long Beach and Houston, which gives you access to virtually the whole world.
New Mexico is located in the heart of the Mountain division of the U.S., the fastest growing region of the country. A major factor that attracts people to the state is its diversity. Not only does it provide a diversity of lifestyle options — from major cities to small towns — but it’s also renowned for its cultural diversity. It’s one of only four majority-minority states. We’re proud that the state often leads the way in science and innovation, but we’re just as proud that we lead the way socially and demographically.
While New Mexico is consistently below the national average in compensation and operating costs, our competitors are often closer to the average or significantly above it. We often approach, or even exceed, cost savings of 25% compared to high-cost states against which we compete.
PNM Economic Development Department