To the Southwest Expand or Relocate Your Business
As companies from around the world work to tackle the impacts of COVID-19 and find supply chain solutions in the United States, New Mexico boast a number of important advantages:
Strategically Located: New Mexico is centrally located, providing a strategic location that grants quick access to key consumer markets both nationally and internationally. New Mexico is equidistant by rail from two major port regions (LA/Long Beach and Houston/Galveston), as well as being proximate to 75% of the U.S. population within 2-days via truck. This is in addition to having one of the fastest commercial crossings with Mexico via the Santa Teresa Port of Entry.
Talent: Plentiful world-class talent, stemming from the state’s long history of agriculture and food production.
A Quickly Growing Export Economy: New Mexico led all 50 states in 2019 export growth (31%), according to statistics from the U.S. Census Bureau. Additionally, New Mexico’s export growth to Mexico (68%) leads the nation and is directly attributable to the expansion in Santa Teresa.
A Cost Effective, Pro-Business Environment: The state provides a low cost business climate with the state providing key incentives.
The above information was provided, courtesy of the New Mexico Partnership.
Making informed decisions pays off – your business grows and you enjoy increased profits. It sounds simple, but there are myriad things to consider that allow you to make those informed decisions. When you choose to expand or relocate your business in the Southwest, you’ll need to ask yourself these questions:
- What type of commercial land is available in the Southwest?
- What types of business incentives are available in the Southwest?
- What are the economic geographics in the Southwest?
The answers to these questions can be dealmakers or deal breakers. You may find the perfect storefront, but it happens to be in a location where the numbers don’t meet your needs. You might uncover a business-deficient hotspot that’s way out of your price range, or you may find exactly what you’re looking for. The key to making business-savvy decisions is having all the facts – and the Otero County Economic Development Council is here to help you do just that.
Expand Your Business in Otero County, New Mexico
As an Otero County business owner, you’re already on top of Otero County geographics. You know the City of Alamogordo’s Comprehensive Plan calls for an economic diversification that includes all types of businesses outside the government sector, and that more than half our residents are adult consumers who own their own homes. With statistics like these, it’s an excellent time to expand your business in Otero County.
Relocate Your Business to Otero County, New Mexico
Otero County is the ideal place for relocation. Tourism is at an all-time high – White Sands National Monument draws over 600,000 visitors annually – and hundreds of thousands more visit the local resorts in the Villages of Cloudcroft and Ruidoso each year. With visitors streaming in from all over the Southwest and the rest of the country, Otero County will be a fantastic (and profitable) new home for your business.
New Mexico Business Incentives
New Mexico offers some of the most comprehensive business incentives in the Southwest to make relocation to Otero County beneficial for everyone involved. New Mexico business incentives include tax credits, subsidies and other programs. Learn more about New Mexico business incentives here. When your business expands, or you relocate your business to Otero County, everyone wins.
New Mexico Geographics
New Mexico’s economic landscape flourishes because of its diversity and versatility – and because of the committed, dedicated professionals who own businesses here. Otero County geographics show that retail trade businesses are most common (and employ the majority of our residents), followed closely by accommodation and food services, healthcare and professional, scientific and technical services. Explore New Mexico geographics and Otero County geographics to learn more about how your business can thrive in the Southwest.
Help from the Otero County Economic Development Council
The Otero County Economic Development Council has compiled a comprehensive list of resources that can help your small business succeed in New Mexico, including Otero County commercial real estate listings and a list of Otero County’s leading employers. The OCEDC’s goal is to help you expand or relocate your business to New Mexico by providing you with accurate, up-to-date information on Otero County’s business landscape and vital statistics. Otero County’s growing population will benefit when you add your business to our expanding roster – won’t you join us?