Incentives

Rio Communities is actively establishing a robust economic development foundation to meet the growing needs of our community. Our city, strategically located for growth and development, benefits from the dedicated efforts of the Rio Communities Economic Development Commission. Here's what the City of Rio Communities has to offer:

High Visibility

With an estimated 20,000 vehicles passing through each day, Rio Communities offers a prime location for businesses.

Abundant Land

Choose from a wide selection of available land options to suit your development needs.

Industrial Park

We have an industrial park equipped with a rail spur to facilitate industrial activities.

Competitive Tax Structure

Enjoy a competitive tax profile that supports your business endeavors.

Solar Energy

Harness the power of solar energy production, contributing to sustainability and cost-efficiency.

Opportunity Zones

Under Public Law 115-97, the entire City of Rio Communities falls within an Opportunity Zone. This designation enables tax advantages and incentives to attract capital investment into economically distressed areas. These Opportunity Zones retain their designation for a duration of 10 years.

LEDA Incentive

To further promote development within New Mexico Opportunity Zones, the New Mexico Economic Development Department (NMEDD) offers incentives as part of the Local Economic Development Act (LEDA). Projects located in an Opportunity Zone may qualify for an additional $1 million in LEDA funding if they meet specific criteria, including:

  • Alignment with one of the nine key industry sectors outlined by the Governor.
  • Creation of a minimum of $2.5 million in annual payroll with competitive salaries.
  • Commitment to a 10-year agreement.
  • A capital investment of $10 million or higher (or $15 million or higher in Santa Fe, Albuquerque, or Rio Rancho).
  • The project should involve an expansion or an out-of-state relocation.

Rio Communities NM-304 Industrial Zone

Click to enlarge