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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

Economic Development

A STATE OF OPPORTUNITY
New Mexico Offers More for Businesses
WHY NEW MEXICO
READ ABOUT NEW MEXICO

The Power of Place

For businesses and large corporations interested in relocating or in growing locally, New Mexico offers a unique advantage you won’t find elsewhere. 

You Can Dream It here

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.

You Can Make It Here

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. 

You Can Get It To Virtually
Anywhere In the World From Here

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. 

the talent you need is coming here

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. 

And You Can Do It All For Less Here

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.

Join PNM And These Amazing Companies In New Mexico

LANL
SNL
Amazon, New Mexico, PNM
Netflix
Intel
NBCUniversal
Boeng
AFResearchLab
UnionPacific
SpacePortAmerica
Array
Facebook
Fidelity
Raytheon
BNSFRailway
TMobile
NorthropGruman
HP
MeowWolf
VirginGalactic
Solero
Safelight
RS21
PCM
AffordableSolar
Descart
LockheedMartin
rsi