New Mexico, America’s “Land of Enchantment,” boasts a thriving, multi-layered economy. The state is a rich source of natural resources, fueling many diverse industries.
Some of the best high-tech research facilities can be located here, including Sandia National Laboratory, Phillips Laboratory and the University of New Mexico. Although unprecedented growth was witnessed in this industry in the late ‘90s, high-tech manufacturing has actually been prevalent in the area since 1981, when Intel launched local operations. Newsweek voted Albuquerque the seventh top Tech Center in the country in September 2000.
Technology, research and educational institutions contribute to the robust commercial endeavors prevalent throughout the region. However, this is just the tip of the industrial iceberg.
Call centers dramatically increased their presence in New Mexico throughout the ‘90s, and continue to do so. Driven to the area by lucrative tax benefits, call centers provide employment and much needed revenue to the region. They also offer a good alternative to unskilled or minimum wage labor. By 2000, almost 40 call centers employed nearly 12,000 citizens.
The gaming industry has also done wonders for the economy, contributing thousands of jobs and much appreciated revenue. By 2000, employment in the gaming industry was estimated between 5000 and 6000 wage earners. Although prevalent throughout the state, Native American communities especially benefit from this industry.
Mining has always been a local economic staple, and remains so, despite the decrease in commercial significance in the last decade. Agricultural and non-agricultural endeavors also contribute to the economic strength and diversity of this region.
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Area women working with or interested in the Internet |
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Comprehensive links to Chambers of Commerce Statewide |
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