Keep an eye out for the October 31, 2005 issue of Forbes, which will feature a supplement entitled "New Mexico, a Land of Enhancement, a State of Growth".  Steve Forbes states that the magazine decided to do the supplement because "New Mexico is on the cusp of an economic miracle.  You are already starting to get a buzz."

For the first quarter of 2005, the New Mexican economy outperformed the national average and Manpower predicts a job boom in the third quarter of 2005.  The bulk of new jobs have originated from construction, health care, social services, and government.  In October 2005, the FDIC announced that New Mexico's employment is advancing, while the Nation slows.  New Mexico is the only state in the union that has experienced positive job growth every quarter since 1987.

New Mexico's governor, Bill Richardson, has been extremely active in promoting New Mexico internationally and has recently visited Europe and Asia, raising awareness of the State's myriad of resources.  The high profile governor is focusing upon development in the areas of high technology, the film and digital media industries, rural job creation, and efforts to turn New Mexico into an aviation service and repair center.  The state already has a leg up with technology centers such as Sandia National Laboratories and the Los Alamos National Laboratory.

New Mexico has one of the largest expenditures of R&D money per capital in the U.S.  One catalyst moving technology to the private sector is TVC - Technology Ventures Corporation.  TVC is a nonprofit organization founded by Lockheed Martin to help identify technologies with commercial potential, develop business capabilities, and seek capital.  TVC has brought over $300 million in investment to the state, creating some 40 new businesses and over 3,125 jobs.  TVC assists entrepreneurs seeking help in commercialization and investors seeking profitable business opportunities in New Mexico.

Sandia Laboratories has instituted an entrepreneur leave-of-absence programs.  Engineers at the lab can take up to two years leave of absence from their federal government jobs to work in the private sector.  Typically, these spin-offs are in the semiconductor, optics, aeronautics and environmental sectors.

New Mexicans exhibit an unusually high level of productivity in the workforce.  New Mexico's labor force is often sited by various studies, including ones by Grant Thornton and Expansion Management as being first in the nation for workforce productivity.  Most recently, a study conducted by Area Development Magazine, ranked the Albuquerque metro area number one for manufacturing productivity in terms of dollars of output per worker.  In addition, a study by The Pathfinders Group found that 72% of Albuquerque employers polled considered workforce productivity to be "Good to Excellent."

In October 2004, Expansion Magazine ranked Albuquerque number 10 on the "40 Hottest Real Estate Markets" in the United States.

With the cost of housing and the cost of doing business skyrocketing, particularly in the Sunbelt states, Albuquerque stands out for its home ownership opportunities and a business friendly attitude.

It is not only the Land of Enchantment, it is also the Land of Opportunity!

NEW MEXICO...VISIT FOR A LIFETIME