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New Mexico offers plenty of incentives for businesses as well, including the High-Wage Jobs Tax Credit, which gives new businesses and franchises a credit on 10 percent of the wages, and the Rural Jobs Tax Credit that is applied on taxes that are due on gross receipts, personal income tax, or corporate income tax for businesses located in rural areas.
New Mexico entrepreneurs also have access to small business resources such as the New Mexico Small Business Assistance Program and Finance New Mexico, which can be of great help when launching.
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Our experts help you understand which franchises thrive in
New Mexico,
what local factors to watch, and how to avoid costly mistakes.