Fri. May 24th, 2024

NEW MEXICO IMPROVES ITS TAX CLIMATE

Santa Fe (KSMX)- An annual report from Ball State University stated that New Mexico improved from “C” to “B” for its tax climate due to relatively better unemployment insurance tax index. These specific measures include manufacturing and logistics industry health, human capital, cost of worker benefits, diversification of the industries, state-level productivity and innovation, expected fiscal liability, tax climate, and global

reach. The state also improved from an “F” to “D-” in its diversification in manufacturing diversification. The state retained its grades of “C+” in benefits costs; “C” in productivity and innovation; and “F” in the manufacturing, logistics, human Capital, and global position categories. New Mexico declined from “C-” to “D+” in its liability gap.

The 2019 Manufacturing Scorecard<https://mfgscorecard.cberdata.org/> from Ball State’s Center for Business and Economic Research (CBER) analyzes how each state ranks among its peers in several areas of the economy that underlie the success of manufacturing and logistics.

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