My State LLC New Mexico Accelerator

New Mexico is home to Spaceport America — the world's first purpose-built commercial spaceport — and hosts Sandia National Laboratories and Los Alamos National Laboratory, which collectively employ 20,000+ scientists and engineers. The concentration of defense and space science expertise creates deep-tech startup opportunities that simply don't exist elsewhere.

New Mexico's exceptional solar irradiance and available land have made it a leading destination for utility-scale renewable energy development. Energy tech startups here can access utility-scale pilots, strong state incentives for clean innovation, and federal lab partnerships — a combination that's nearly impossible to replicate in any other state.

New Mexico's startup ecosystem benefits from extraordinary federal assets unavailable in most states. Sandia National Laboratories and Los Alamos National Laboratory generate significant deep-tech and defense IP, creating a commercialization pipeline for nuclear, materials, energy, and cybersecurity technologies. The Technology Ventures Corporation (TVC) was specifically created to commercialize Sandia Lab technology. New Mexico Angels and Western Technology Investment (WTI) provide seed capital. Albuquerque's Innovate ABQ district anchors the innovation ecosystem. Lockheed Martin, Honeywell, and Intel's Albuquerque semiconductor operations create enterprise technology customer pipelines for founders targeting federal and industrial buyers with validated, classified-adjacent technology.

New Mexico LLCs pay a $50 formation fee with no charge for biennial report filings. New Mexico has no franchise tax on LLCs. The state's graduated individual income tax (up to 5.9%) applies to pass-through LLC income. New Mexico's Gross Receipts Tax (GRT) is unique: it applies to virtually all business revenues including most services, at rates varying by location (5.125%–9.3125%). Unlike a sales tax, GRT is a business-side obligation that cannot always be passed to customers — a material operating cost for service-based LLCs. High-tech companies can qualify for GRT deductions and exemptions through the Technology Jobs Tax Credit, which provides credits of up to 8% of payroll for qualifying R&D positions.