Top States For Business

39. New Mexico

Source: George Kavallines
Category Score 2016 Rank 2015 Rank
Workforce1824216 (Tie)
Cost of Doing Business19224 (Tie)23
Infrastructure20614 (Tie)5 (Tie)
Economy1493824 (Tie)
Quality of Life1393624
Technology & Innovation1033338
Education8934 (Tie)40 (Tie)
Business Friendliness384341
Cost of Living392513
Access to Capital546 (Tie)42
Overall11423924

Economic Profile

Governor: Susana Martinez, Republican

Population: 2,085,109 

GDP growth: 0.7 percent

Unemployment rate (May 2016): 6.2 percent

Top corporate tax rate: 6.6 percent

Top individual income tax rate: 4.9 percent

Gasoline tax: 37.28 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Presbyterian Healthcare, PNM Resources

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business 2016
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