24. New Mexico (Tie)

The Land of Enchantment is blessed with a strong infrastructure. But lack of business capital can be a curse.

Published 4:26 PM ET Wed, 24 June 2015 Updated 2:36 PM ET Mon, 13 June 2016 CNBC.com

Category	Score	2015 Rank	2014 Rank
Workforce	237	16 (Tie)	30
Cost of Doing Business	197	23	17
Infrastructure	226	5 (Tie)	15
Economy	184	24 (Tie)	43
Quality of Life	186	24	33
Technology & Innovation	93	38	32
Education	77	40 (Tie)	36
Business Friendliness	45	41	47
Cost of Living	57	13	26
Access to Capital	9	42	23
Overall	1311	24 (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

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