America's Top States for Business 2019

41. New Mexico

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Category Score 2019 Rank 2018 Rank Grade
Workforce2502134C
Economy2112746B-
Infrastructure1832417B-
Cost of Doing Business1962624B
Quality of Life1014441F
Education564544F
Technology & Innovation643737D
Business Friendliness444442D-
Access to Capital233533D
Cost of Living361519B+
[[link#105843737#Overall]]11644143-

Economic Profile

Governor: Michelle Lujan Grisham, Democrat

Population: 2,095,428

GDP growth (Q4 2018): 4.1%

Unemployment rate (May 2019): 5%

Top corporate tax rate: 5.9%

Top individual income tax rate: 4.9%

Gasoline tax: 18.88 cents/gallon

Bond rating (Moody's/S&P): Aa2, stable/AA, 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

America's Top States for Business in 2019
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