This Labor Day, we honor the dedication and resilience of workers across New Mexico and beyond. Thanks to organized labor for workers’ rights, stronger foundations have been built for fair wages, safer workplaces, and opportunities that uplift families and communities. Today, we celebrate the contributions of every worker whose hard work continues to drive progress, growth, and innovation. Happy Labor Day!
New Mexico Economic Development Department
Government Administration
Santa Fe, New Mexico 4,160 followers
Businesses prosper and their employees enjoy happy and healthy lifestyles in New Mexico.
About us
The New Mexico Economic Development Department enhances and leverages a competitive environment to create jobs, develops the tax base and provides incentives for business development. Since 2011, we've made New Mexico's business climate one of the best in the country. We've cut taxes 61 times, including a 22% decrease to the Corporate Income Tax. We've also enacted Single Sales Factor for headquarters and manufacturers and we've ended tax pyramiding on consumables for manufacturing. We've expanded our deal closing fund, LEDA. LEDA funds are used to offset business expenses in expansions or relocation – like construction and infrastructure. We've also expanded and strengthened our highly rated Job Training Incentive Program (JTIP). This award-winning workforce training program has demonstrated strong performance since 1972. JTIP funds training for newly-created jobs in expanding or relocating businesses for up to 6 months and reimburses 50-75% of employee wages. These pillars are supplemented by various powerful tools such as High Wage Jobs Tax Credit, Investment Tax Credit, R&D Tax Credit, and Industrial Revenue Bonds. New Mexico is strategically located with proximity to the West Coast, Mexico, Texas, mountain states, and the Midwest. Ideal for a broad array of business, New Mexico’s mild weather and low risk for natural disasters permits continuity of business operations, as well as a great place to live, work, and raise a family.
- Website
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http://EDD.NewMexico.gov
External link for New Mexico Economic Development Department
- Industry
- Government Administration
- Company size
- 51-200 employees
- Headquarters
- Santa Fe, New Mexico
- Type
- Government Agency
- Specialties
- Economic Development, Community Development, and Workforce Development
Locations
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Primary
Get directions
1100 S. St. Francis Drive
Santa Fe, New Mexico 87505, US
Employees at New Mexico Economic Development Department
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Steve Urban
CEO | Executive Director – Public & Private Sector Leadership | COO | Board Member | AI & Robotics Strategist | Economic Development & Transformation…
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Jennifer Myers
Community, Business & Rural Development Team Leader at the NM Economic Development Department
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Rob Black
Cabinet Secretary, New Mexico Economic Development Department
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Paige Ryan
Community, Business & Rural Development Representative
Updates
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New Mexico is stepping further into the future of technology! ✨ EDD has chosen Roadrunner Venture Studios to partner with the state in deploying $25 million to fuel quantum innovation and commercialization. A major partnership announcement will also be made during IEEE Quantum Week, spotlighting New Mexico’s leadership in the field. With a deep bench of expertise anchored by Sandia National Laboratories, Los Alamos National Laboratory, our universities, and strong coalitions of quantum entrepreneurs, New Mexico is uniquely positioned to lead at the quantum frontier!
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Come visit New Mexico Economic Development Department and our partners at IEEE Quantum Week Sept. 2 - 4.
Learn about New Mexico's Quantum ecosystem at IEEE 2025 held at the Albuquerque Convention Center Sept 2-4. New Mexico will showcase some of its quantum partners in Booth #501 in the Quantum Exhibit Theater. We look forward to seeing you there! https://lnkd.in/eTvvWiSa
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Rocket Lab has been a success story in New Mexico for more than 25 years, and they’re expanding once again. This new investment is expected to help create 2,000 jobs across the U.S. while strengthening supply chain security for space-grade solar cells and sensors. It’s another example of how New Mexico continues to play a critical role in the nation’s growing space economy.
We’re strengthening America’s semiconductor industrial base & expanding production of our space-grade solar cells with support from the U.S. Department of Commerce & CHIPS Act - helping to secure the domestic supply chain of this critical tech for aerospace and defense. Learn more: http://bit.ly/3HN4V6k
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Heading to NM for IEEE Quantum Week? Our state is excited to welcome you with major announcements and a showcase of our growing leadership in quantum innovation. NMEDD has selected Roadrunner Venture Studios to deploy $25 million to accelerate quantum commercialization and will host the New Mexico Quantum Pavilion, featuring partners such as Sandia National Labs, UNM, CNM Ingenuity, and the Air Force Research Lab. Highlights include a keynote by Elevate Quantum CEO Zach Yerushalmi with Governor Michelle Lujan Grisham on Monday, Sept. 1 (8–9:30 am, Kiva Auditorium) and Albuquerque Mayor Tim Keller on Wednesday, Sept. 3 (8–9:30 am). With world-class labs, universities, and a thriving ecosystem of entrepreneurs, New Mexico is uniquely positioned to lead at the quantum frontier. Don’t miss world-class speakers, 80+ exhibitors, and interactive workshops. Check out VisitABQ's website for travel tips, complimentary airport shuttles, and local offers >> https://heyor.ca/2zg48i
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New Mexico Economic Development Department reposted this
🤔What is Adventure Pitch Fest? Think Shark Tank meets outdoor adventure plus an interactive showcase inviting the public and industry leaders to connect one-on-one with New Mexico-based outdoor businesses. 🌟Any NM outdoor business, from independent guides to gear shops, gear manufacturers, outdoor tech innovators, and anyone in-between, can participate. 📢Starting September 1, apply to set up a booth and showcase your business OR to showcase and compete head-to-head for $15k in cash prizes! 👉 bit.ly/adventurepitchfest The action will take place on Thursday, November 6 at Albuquerque's Rail Yards in partnership with ActivateNM #AdventurePitchFest #APF2025 #NMOutdoorRec #ActivateNM #NMEDD #NMOutside #NewMexico #Entrepreneur #NMOutdoorBiz ECONOMIC DEVELOPMENT DEPARTMENT, NEW MEXICO, City of Albuquerque Economic Development Department
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Secretary Rob Black is at the #NADBankSummit2025 today, highlighting how New Mexico is capitalizing on the unique opportunities of our border region. By fostering creativity, collaboration, and cross-border partnerships, we’re driving progress in infrastructure, water, energy, and economic development that benefits communities on both sides. #EconomicDevelopment #CrossBorderCollaboration #Infrastructure #Innovation
Rob Black, secretario de New Mexico Economic Development Department, destacó cómo impulsa Nuevo México el crecimiento transfronterizo mediante innovación, inversión y colaboración. “Necesitamos electricidad para la infraestructura, y para eso necesitamos agua. El agua es vida en la frontera y en Nuevo México. Sin ese enfoque, ninguna de estas cosas puede funcionar. Tecnología, infraestructura, sostenibilidad.” #NADBankSummit2025
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New Mexico is ready for IEEE Quantum Week!
The quantum world comes together next week in Albuquerque for IEEE Quantum Week, a week-long event that combines the academic and industrial sectors of quantum technology for a multidimensional exploration of quantum innovation. Elevate Quantum will help kick off the quantum celebration, with CEO Zachary Yerushalmi delivering the opening keynote on Sept. 1 at 8am, along with remarks from Office of Governor Michelle Lujan Grisham. His presentation, “Schrödinger’s Pitch: Telling the Quantum Story in a Binary Age of Hype and Indifference,’ includes a panel of leading venture capitalists and startups, exploring what it takes to begin a quantum startup, and how to accelerate development for those already on the journey. The panel includes: - Dr. Bob Ledoux, The University of New Mexico's Quantum New Mexico Institute - Dr. Nate Gemelke, QuEra Computing Inc. - Adam Hammer, Roadrunner Venture Studios - Dr. Marissa Ramirez de Chanlatte at Playground Global - Alex Greenberg, Office of Governor Michelle Lujan Grisham - Corban Tillemann-Dick, Maybell Quantum To learn more or to attend the keynote, visit https://lnkd.in/eTvvWiSa.
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New Mexico Economic Development Department reposted this
💡 The Business of the #Borderplex 2.0 panel brought together an incredible lineup of leaders shaping the future of our region, with insightful moderation by Leah March of Albuquerque Business First. 👏 Panelists included: Scott McLaughlin, Executive Director – Spaceport America Eric Montgomery, Director of Economic Development – El Paso Electric Company Rob Black, Cabinet Secretary Designee – New Mexico Economic Development Department Jerry Pacheco, President – The Border Industrial Association From cross-border collaboration to #tariffs and emerging industries, their perspectives showcased the tremendous opportunities across the #Borderplex. Thank you to Albuquerque Business First for fostering this vital conversation! #NMBorderplex #EconomicDevelopment #SouthernNM #ElPaso #BusinessGrowth #Collaboration
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