Top States For Business

24. New Mexico (Tie)

Category Score 2015 Rank 2014 Rank
Workforce23716 (Tie)30
Cost of Doing Business1972317
Infrastructure2265 (Tie)15
Economy18424 (Tie)43
Quality of Life1862433
Technology & Innovation933832
Education7740 (Tie)36
Business Friendliness454147
Cost of Living571326
Access to Capital94223
Overall131124 (Tie)37

Economic Profile

Governor: Susana Martinez, Republican

Population: 2,085,572

GDP growth: 1.0 percent

Unemployment rate (May 2015): 6.2 percent

Top corporate tax rate: 6.9 percent

Top individual income tax rate: 4.9 percent

Gasoline tax: 37 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Presbyterian Healthcare

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, New Mexico FY 2013 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

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