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New Mexico

The Land of Enchantment offers a pro-business climate, including several incentives and available low-cost talent.

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Opening a franchise in New Mexico could be a great idea for a variety of reasons, including a wide availability of diverse employees, the low cost of labor, an inviting, pro-business climate and long-term success for businesses.

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.