New Mexico Business- Up and Down the Rio Grande

The population of New Mexico, which is almost 2the crash project to develop nuclear weapons.
million, is concentrated in the Rio Grande Corridor,There are currently 3 air force bases Kirtland,
which is a rift valley that cuts the state in twoHolloman and Cannon, in New Mexico, and major
from the North to the South. Down the riftnational laboratories, Sandia and Los Alamos, which
travels the nation's second longest river, the Rioaccount for a large amount of the economy of
Grande. Around this valley are the major cities ofthe state. These facilities work in nuclear
the state. Albuquerque is the largest, with 800,000weapons, nuclear energy, and the space program.
people in its metropolitan area. Santa Fe, 7,000White Sands Space Harbor, near Las Cruces, is a
feet above sea level, is the capital, and is the thirdtraining center for Shuttle astronauts.
largest city. La Cruces, in the south central area isAlbuquerque is also the home of the University of
near the agricultural area of Mesilla Valley, also theNew Mexico. Rio Rancho, outside Albuquerque, is
home of much chile pepper production. It is homethe fastest growing city in the state, and is home
to the New Mexico State University, and is theof a new $2 billion Intel semiconductor facility.
second largest city in the state with 82,000Private investment funds are investing in New
people. Taos in the northern part of the state isMexico jobs, together with major state support.
known for its artist colony and Indian artifacts andA recent large investment was given to Eclipse
crafts production. Taos also has a white-riverAviation, near Albuquerque - a company that
recreational area nearby and fishing, plus skiing incombines the passion for aviation of its founder,
the wintertime. There's plenty more places forwith a NASA initiative to develop efficient
your New Mexico Incorporation.lightweight engines, and now produces small planes
New Mexico has a fascinating history of advancedfor private flights. Virgin Galactic, a company
Indian cultures responsible for cliff dwellings andwhich plans to offer sub-orbital, and later orbital,
multi storied stone buildings from the 13th century.spaceflights to the paying public will locate near
Beginning in the 17th century, the area of NewUpham in southern New Mexico, and will establish
Mexico was part of Spanish America, as artifacts,its worldwide headquarters in New Mexico.
and mission buildings and state names recall. InThe federal government hires one out of every
modern times, New Mexico was critical for thefour New Mexico workers - this includes the U.S.
development of aerospace in the United States. ItMilitary, National Parks Service and National
was an area that encouraged new thinking.Forests. Agriculture and livestock breeding are also
Robert Goddard, later known as the father ofa large part of the state's economy, as is
rocketry, set up shop in New Mexico for hisextensive mining, and tourism. There is no sales
experiment in the 1930s, which were attackedtax, but a gross receipt tax. The top personal
and ridiculed until they were shown to be criticalincome tax rate is 5.80%, and the top corporate
breakthroughs. In recent history, New Mexico wasincome tax rate is 7.60%. There is no estate or
the site of the World War II Manhattan Project -inheritance tax.