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State Focus: New Mexico – Welcoming the World

Buisness Facilities Contributed Content

M ore and more manufacturers from around the country and the world are starting to notice New Mexico as a leading center for commerce, industry, and trade. The result was hailed by the Democratic chairman of the Senate Finance Committee as “…the closest thing we’ve had to true, total tax reform.”

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New Mexico Incentives and Workforce Development Guide

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For a list of New Mexico economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. Funding of grants is strictly based on the receipt of capital outlay funds appropriated by the New Mexico Legislature. LEDA funds are provided on a reimbursable basis only.

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New Mexico Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

The updated New Mexico incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. For a list of New Mexico economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Alabama Infrastructure Grant Program: Funds are available to public entities for extension of water, sewer and road facilities to service new or expanding industries. Alabama Industrial Access Road & Bridge Program: Provides financial assistance to communities for industrial access to new and expanding industries.

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STATE INCENTIVES GUIDE

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CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100 percent of the project costs. It allows for the construction of roads, bridges, etc.

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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

Pennsylvania’s decision to consolidate hundreds of bridge projects into a single procurement financed by a bond fund managed by a new Public-Private Partnership (P3) should serve as a model for the rest of the country. The $722-million project is the largest private-activity bond financing of a public-private partnership in the U.S.

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Cover Story: New Energy Powers Growth

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The wind boom in Texas was assisted by the expansion of the state’s renewable portfolio standard (RPS), use of designated Competitive Renewable Energy Zones and expedited transmission grid construction. In 2013, New Mexico installed 45 MW of solar capacity, up from 24 MW installed in 2012. First Solar Inc.