New Mexico's economy is uniquely shaped by the federal government and national laboratories, with Los Alamos National Laboratory and Sandia National Laboratories driving advanced research in nuclear science, cybersecurity, and energy.
New Mexico's economy is uniquely shaped by the federal government and national laboratories, with Los Alamos National Laboratory and Sandia National Laboratories driving advanced research in nuclear science, cybersecurity, and energy. The state's oil and gas production, concentrated in the Permian Basin of southeastern New Mexico, has boomed in recent years, making it one of the top oil-producing states. A growing film industry, anchored by Netflix's massive Albuquerque studio complex, adds a creative economy dimension.
New Mexico offers film production tax credits among the most generous in the nation, along with research-oriented incentives tied to its national laboratory ecosystem. The state is working to diversify its economy beyond resource extraction through investments in renewable energy and technology.
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