New Mexico Franchises For Sale
With a highly diverse, bilingual workforce, New Mexico is ready to meet whatever business needs the 21st century brings. Savvy entrepreneurs would be wise to consider the state for its affordable real estate and cost of living, as well as its close proximity to the five fastest growing states in the Southwest. [source]
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Facts About New Mexico
| Capital: | Santa Fe |
| Year of Statehood: | 1607 |
| Largest Cities: | Albuquerque, Albuquerque, Rio Rancho |
| Motto: | It grows as it goes. |
| Nickname: | Land of Enchantment |
Find Business Success in New Mexico
- According to U.S. News & World Report, New Mexico was 8th among states in terms of quality of life. (source)
- In 2018, New Mexico's corporate income tax rate will be phased down to 5.9%. (source)
- New Mexico’s industrial electric rates are 7% below the national and regional average, according to the U.S. Energy Information Administration.
- With an effective rate of 1.5% for much of the state, New Mexico has the fourth lowest property tax in the nation, according to the Tax Foundation.
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