Companies in manufacturing and logistics sectors from across the world are making major investments in New Mexico, including:
- Kairos Power, a leader in modular reactor technology. Their team is building a R&D and manufacturing center
- Jabil is creating a 3D printing center-of-excellence
- Admiral Cable has built a new $50M factory – the first by this Taiwanese company in the U.S.
- Union Pacific has created a 2,200-acre intermodal facility
One major advantage of New Mexico is its geographic location. The state is centrally located in the southwest and is connected to important domestic U.S. markets via extensive interstate and rail infrastructure; over 75% of the U.S. population can be reached by truck within two days. It also shares one of the fastest and busiest border crossings with Mexico in the region and has strong rail and road linkages to port complexes in Los Angeles/Long Beach and Houston/Galveston, which move goods westward via the Pacific or eastward via the Gulf of Mexico. New Mexico provides access to the entire world.
Talent is plentiful, with over 180,000 experienced people employed in roles relevant to manufacturing and logistics. And when companies need specialized research and development or scientific expertise for state-of-the-art production operations, New Mexico offers one of the highest concentrations of talent in the U.S.
New Mexico is located in the fastest growing region in the U.S., but offers lower cost of living and lack of intense competition for talent has helped keep compensation costs as much as 15%-20% lower than in many large high-cost metros in the West. It’s also established a business-friendly environment, implementing some of the strongest incentive programs in the U.S.
More information about New Mexico and its opportunities can be found with New Mexico Partnership, a state designated contact to help businesses locate in New Mexico, at https://nmpartnership.com/.