Investing in America
  New Mexico
    New Mexico Government  red  Data Source  

JOB FACTS*

U.S. subsidiaries in New Mexico have consistently supported a significant number of jobs in the state. They now employ 12,700 New Mexico workers, an increase in over 12% over five years.

PROMINENT U.S. SUBSIDIARIES IN THE STATE

Glanbia

Mitsubishi Corporation

Rinker Materials Corporation

Sodexho Inc.

MANUFACTURING JOB FACTS

U.S. subsidiaries support 1,900 manufacturing jobs in New Mexico. Manufacturing companies tend to have a strong "multiplier" effect on the economy-stimulating a substantial amount of activity and jobs in other sectors through their demand for inputs from other suppliers.

Overall, approximately 15% of jobs at U.S. subsidiaries in New Mexico are in manufacturing industries.

ONE COMPANY'S STORY

Glanbia, a U.S. subsidiary of an Irish dairy products manufacturer, will create at least 205 jobs near Clovis when it builds a new cheese producing plant, with the possibility of creating thougsands more in the new future. The company is investing $192 million into the new facility. The new plant will be North America's largest cheddar cheese plant. This project will make New Mexico one of the country's leading milk producing states.
*Beginning August 2004, the Commerce Department changed the focus of its reported data on jobs supported by foreign direct investment (FDI). From this point on, all FDI statistics will refer only to companies having a majority of foreign ownership. Prior to this change, the Commerce Department followed international standards of including companies that had 10% or more foreign ownership.