Regional Opportunity Guide
NM Business Incentives by Industry
Descriptions of each incentive is available on the Economic Development New Mexico website.
Advanced Manufacturing
- Angel Investment Tax Credit
- Consumables Gross Receipts Tax Deduction for Manufacturers
- High Wage Jobs Tax Credit
- Investment Tax Credit for Manufacturers
- Rural Jobs Tax Credit
- Single Sales Factor
Aerospace
- Aircraft Tax Deduction
- Directed Energy and Satellites
- High Wage Jobs Tax Credit
- Military Acquisition Program Tax Deduction
- Research and Development Tax Deduction
- Rural Jobs Tax Credit
- Spaceport-Related Activities Gross Receipts Tax Deductions
Sustainable & Value-Added Agriculture
- Beer & Wine Producers’ Preferential Tax Rate
- Consumables Gross Receipts Tax Deduction for Manufacturers
- Investment Tax Credit for Manufacturers
- Rural Jobs Tax Credit
- Single Sales Factor
Back Office & Technical Support
- Financial Management Tax Credit
- High Wage Jobs Tax Credit
- Rural Jobs Tax Credit
Emerging & Digital Media
- Angel Investment Tax Credit
- Film Post Production Services 25% Refundable Tax Credit
- Rural Software Development Gross Receipts Tax Deduction
- Technology Jobs and Research and Development Tax Credit
- Web Hosting Gross Receipts Tax Deduction
Energy & Natural Resources
- Advanced Energy Deduction & Advanced Energy Tax Credit
- Alternative Energy Product Manufacturer’s Tax Credit
- Biodiesel Blending Facility Tax Credit
- Biomass-Related Equipment & Material Deduction
- Renewable Energy Production Tax Credit
Logistics, Distribution & Transportation
- Locomotive Fuel Gross Receipts & Compensating Tax Exemption
- Trade Support Company in a Border Zone
MRGEDA COUNTIES
Catron County
Less than 20% of the land in Catron County is privately owned, with the rest of the land being publicly owned. Approximately 3,500 people make up the population of the county; this translates to two square miles of space per person. Reserve is the County Seat and largest town in the county and boasts a population of about 300.
Catron County has a history of the ranching, mining, Indian and Spanish hide-outs, rodeos, and dark, starry nights. Catron County is the home to one of New Mexico’s working sawmills, hunters and campers getaways, geothermic and biomass energies, and majestic mountains and views.
Sierra County

Sierra County – Elephant Butte State Park
Download Sierra County Economic Development Guide
Located midway between El Paso, Texas, and Albuquerque, New Mexico, Sierra County is a perfect getaway spot for those wanting to escape urban sprawl and spend time in the great outdoors.
Elephant Butte Lake, the largest body of water in the state and the location of one of its most popular state parks, is connected by the Rio Grande to quieter Caballo Lake. Both lakes offer excellent boating, camping, fishing & birding.
Downtown Truth or Consequences, formerly “Hot Springs,” has some of the finest hot mineral water in the world and is touted as America’s Most Affordable Spa Town. Ten commercial spas downtown are available for soaks, lodging, and other forms of pampering.
The downtown area also features the renowned Geronimo Springs Museum. This museum showcases many never-before-seen artifacts, fossils, and murals, including prehistoric finds from the area and one of the best Apache and Mimbres artifact collections in the world.
The Gila High Country lies along the west edge of Sierra County, providing cooler temperatures and hours of exploration in the form of pristine wilderness and living ghost towns. The beautiful Geronimo Trail Scenic Byway connects the Gila to the shimmering desert lakes offering landscapes with a raw authentic southwest flavor.
Now the home of Spaceport America, Sierra County merges the past with the future in the new era of rocketry. The commercialization of space travel is launching from our back yard, thanks to Sir Richard Branson and Virgin Galactic. Come experience Sierra County!
Socorro County

Three deer at Bosque del Apache national wildlife refuge, New Mexico.
Download Socorro County Economic Development Guide
Home to New Mexico Institute of Mining and Technology, more generally called New Mexico Tech, and known nationwide as one of the top technical universities in this country, Socorro offers an eclectic combination of academia mixed with an agrarian life style.
Steeped in history, the area’s storied past merges almost seamlessly with high-tech and “big science,” including the Very Large Array and the Magdalena Ridge Observatory. It’s no surprise that several successful software companies have launched from here.
Only an hours drive from Albuquerque and its International Sunport, Socorro County combines the best of small-town living with access to top-notch culture, education, recreation and its own small airport.
Come visit us, relax in our 300-plus days of sunshine, and grow your business while taking advantage of easy access to rock-climbing, mountain biking, hiking, camping, star-gazing, and many more outdoor activities.
Valencia County

Manzano Mountains as viewed from the Abo Ruins at Salinas Missions National Monument, New Mexico.
Valencia County is flanked to the east by the Manzano Mountains, and to the west by rolling mesas with occasional volcanic hills. The county has become increasingly diversified, while maintaining its strong agricultural base.
In Valencia County, residents cherish a quality of life that’s both country and cool, with access to big-city amenities, but rural in character.
The city of Los Lunas has developed into the county’s commercial center, as well as a growing satellite community for the Albuquerque metro area. The city of Belen, farther south, maintains its identity as a transportation (primarily rail) center with a recently expanded crosswind airport.
Besides Los Lunas and Belen, the county includes Tomé, site of the University of New Mexico-Valencia campus; Bosque Farms; Peralta; Isleta Pueblo, one of the state’s largest pueblos; and one of the newest municipalities to the state, Rio Communities.
While many – especially in northern Valencia County – commute to jobs in Albuquerque, Valencia County has drawn industries needing room to expand. East of Belen and south of Rio Communities lies the Rio Grande Industrial Park. In Los Lunas, to the west of I25, you will also find the Los Morros Business Park.
Source: www.mrcog-nm.gov
Socorro County Properties
Socorro Industrial Park
Location: Socorro, Socorro County, New Mexico
Total Acreage: +/- 154, with 9 contiguous and developable
Ownership: Publicly owned (1 owner – Socorro County); For Sale or Lease; Asking price is $37,500 per acre. Mineral rights will transfer to the new owner upon purchase.
Zoning: M1 – Light Industrial; Rezoning is not required. The height restriction is likely 35 feet.
Interstate: 2.8-mile drive east to the I-25 on-ramp.
Highway: The nearest 4-lane highway is I-25.
Rail: An existing BNSF line runs along the site’s western border, along the floodplain. Feasibility, required infrastructure improvements, cost, and timeline estimates are unknown at this time. Further conversations with BNSF are required.
