New Mexico State (U.S.A.), a land of spaceport, Oil and gas, tourism, air force bases, and Economic incentives
New Mexico is attractive. New Mexico
provides a number of economic incentives to businesses operating in the state,
including various types of tax credits and tax exemptions. Most of the incentives are based on job creation.
New Mexico is a growing market of + 3 million consumers with a law which allows governments to provide land, buildings, and infrastructure to businesses
to promote job creation.
Oil and gas
production, tourism, and federal government spending are important drivers of
the state economy.
State
government has an elaborate system of tax credits and technical assistance to promote
job growth and business investment, especially in new technologies.
New Mexico
is the third leading crude oil and natural gas producer in the United States.
Federal
government spending is a major driver of the New
Mexico economy. Many of the federal jobs relate to the military; the state
hosts three (Kirtland Air Force Base, Holloman Air Force Base, and Cannon Air
Force Base); a testing range (White Sands Missile Range); and an army proving
ground and maneuver range (Fort Bliss – McGregor Range).
New Mexico
imposes a Gross Receipts Tax (GRT) on many transactions, which may even include
some governmental receipts.
Property tax
is imposed on real property by the state, by
counties, and by school districts. In general, personal-use personal property
is not subject to property taxation.
New Mexico has long been an important corridor for trade and migration.
The Santa Fe
Trail was the 19th century US territory's vital commercial and military highway link
to the Eastern United States.
New Mexico's
Interstate Highways approximate the earlier land
routes of the Camino Real, the Santa Fe Trail and the transcontinental
railroads.
The
automobile changed the character of New Mexico, marking
the start of large scale immigration to the state from elsewhere in the United
States.
Rural and
intercity public transportation by road is provided by
Americanos USA, LLC, Greyhound Lines and several government operators.
The New
Mexico Rail Runner Express is a commuter rail operation
train that runs along the Central Rio Grande Valley.
New Mexico
is served by two class I railroads, the BNSF Railway
and the Union Pacific Railroad. Combined, they operate 2,200 route miles of
railway in the state.
A commuter
rail operation, the New Mexico Rail Runner Express, connects
the state's capital, its largest city, and other communities.
Amtrak's Southwest
Chief passes through daily at stations in Gallup,
Albuquerque, Lamy, Las Vegas, and Raton, offering connections to Los Angeles,
Chicago and intermediate points.
The
Albuquerque International Sunport is the state's primary port
of entry for air transportation.
Upham, near
Truth or Consequences is the location of the world's first operational and
purpose-built commercial spaceport, Spaceport America. Rocket launches began in April 2007. It is undeveloped and has one
tenant, UP Aerospace, launching small payloads.
Virgin Galactic, a space tourism
company, plans to make this their primary operating base.
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