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America's Top States For Business 2013

#33 New Mexico (TIE)

Albuquerque, New Mexico
Richard Cummins | Lonely Planet Images | Getty Images
Albuquerque, New Mexico
Category
Score
2013 Rank
2012 Rank
Cost of Doing Business 286 15 31
Workforce 122 38 25
Quality of Life 156 26 24
Infrastructure & Transportation 198 23 13
Economy 214 30 15
Education 53 46 46
Technology & Innovation 116 32 32
Business Friendliness 46 47 47
Cost of Living 26 25 29
Access to Capital 11 29 26
Overall 1228 (Tie) 33 (Tie) 36

ECONOMIC PROFILE

Governor: Susana Martinez (R)

Population: 2,085,538

GDP growth: 0.2 percent

Unemployment rate (May 2013): 6.7 percent

Top corporate rate: 7.6 percent

Top individual tax rate: 4.9 percent

Gasoline tax: 18.9 cents/gallon

Bond rating/outlook: Aaa/Negative (multiple)

Major private employers: University of New Mexico, University of New Mexico Children's Hospital, ABQ Health Partners, New Mexico State University, Intel Corporation, Albuquerque International Sunport, Sandia Resort and Casino, VSA Arts of New Mexico, Christus St. Vincent Medical Group, Presbyterian Health Care Services

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

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