New Mexico helps businesses expand and invest with confidence through a comprehensive portfolio of development incentives designed to strengthen projects and communities alike.

From performance-based funding and tax credits to training reimbursements and infrastructure support, these programs help reduce upfront costs and accelerate growth.

The state’s flagship tools include:

• Local Economic Development Act (LEDA): Provides reimbursement funding for land, building, and infrastructure tied to job creation.
  
• Job Training Incentive Program (JTIP): Reimburses 50–90% of wages during employee training for new and expanding companies.
  
• High-Wage Jobs Tax Credit: Encourages skilled job creation by returning 8.5% of wages for qualifying positions.
  
• Opportunity Zones: Offer capital gains tax advantages for long-term investments that revitalize communities and create new jobs. 

The New Mexico Partnership works hand-in-hand with state and local partners to identify eligible programs, model potential savings, and align your project with incentives that maximize impact.