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Making New Mexico Great
Bringing potential business and entrepreneurs to the great state of New Mexico will require a multi-pronged approach. We need to look to other states, like Texas, who has been rated the best state for business 15 years in a row. Public officials need to be actively involved in creating a pro-business climate in New Mexico, which will not only build a robust economy but also allow graduates to find competitive jobs in our state.
Things Texas has done that New Mexico should also consider:
"Texas encourages business ownership through lower taxes and less burdensome regulations."
- Forbes
- Highly Competitive Tax Climate: With no corporate or personal income tax, Texas has one of the lowest tax burdens in the nation. (1)
- Tax Relief for Businesses
- Incentives: Texas is home to one of the most competitive, deal-closing incentive programs in the nation—the Texas Enterprise Fund (TEF). (1)
- Replace Gross Receipt Tax with Sales Tax
We also need to foster:
- A Big, Skilled and Diverse Workforce
- Customized Workforce Training
- Safety & Crime Reduction
- Infrastructure and a Dynamic Transportation Network
Businesses that are relocating also look for:
- Quality Schools
- Cultural Opportunities
- Connection and Mobility
"New Mexico is a beautiful state with amazing people; its time that we started encouraging startups and business relocation to give everyone the chance to succeed."