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New Mexico Incentives and Workforce Development Guide

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“Locomotive engine” is defined as a wheeled vehicle consisting of a self-propelled engine that is used to draw trains along railway tracks. Qualified R&D small business means a business that: Employs no more than 25 employees in any prior calendar month. Had total revenue of no more than $5 million dollars in any prior fiscal year.

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New Mexico Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Did not in any prior calendar month have more than 50% of its voting securities or other equity interest with the right to designate or elect the board of directors or other governing body of the qualified business owned directly or indirectly by another business. Had total revenue of no more than $5 million dollars in any prior fiscal year.

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STATE FOCUS: Lassoing Jobs In Texas

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Texas’ vibrant economy—made possible by the state’s superior workforce, excellent business climate, central location, relatively low production costs and aggressive incentive funding—continues to draw companies from around the country and around the world, proving time and again that Texas really is “Wide Open for Business.”.

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STATE INCENTIVES GUIDE

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Companies must be less than 5-years old; have an annual payroll between $100,000 and $1 million; show proof of an equity investment of at least $250,000; pay at least 150 percent of the lesser of the state or county average hourly wage where the business is located; and meet requisite payroll thresholds. Employees must be Arkansas taxpayers.

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