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Article #65: New Mexico Business- Up And Down The Rio Grande

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






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