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Key Industries

Albuquerque is full of potential. In 2019, Business Facilities ranked Albuquerque ninth in Metro Economic Growth Potential in their "2019 Metro Rankings Report". Albuquerque is the perfect place to do business.

Business recruitment and expansion are tangible areas where the City can impact business decisions. Attracting companies with high sales volumes and economic-base employment generation are important to Albuquerque’s future economic growth. The City of Albuquerque Economic Development Department works with Albuquerque Economic Development Inc., a private, nonprofit organization, to recruit business and industry to Albuquerque. EDD also works with the New Mexico Department of Economic Development, the New Mexico Economic Development Partnership and the regional Metro New Mexico Development Alliance. Together we work to encourage companies to locate in Albuquerque or expand their Albuquerque operations by providing a healthy economic environment that includes, but is not limited to, a skilled workforce, a low cost of doing business, commitment to maintaining and building quality infrastructure, and targeted incentives.​ Albuquerque's recruitment efforts focus on the following industries:

Aerospace + Aviation
Solar Technology + Renewable Energy
Directed Energy, Optics + Photonics
IT, Software + Cybersecurity
Digital + Emerging Media

Albuquerque Economic Development Inc. can prepare both general and customized information for economic-based companies considering a location in the Albuquerque metro area. Information on properties, incentives, labor force, utilities, transportation, taxes and quality of life are available.

About Economic Base Jobs

Economic base jobs refer to employers that provide lots of jobs and bring income into the economy from outside.  Typically these are employers who invest in the community beyond the jobs they create. They support local businesses, community programs, charities and invest in education.