New Mexico

Project Labor Agreements

No state policy. Some local government entities and public universities have implemented PLA mandates.
Prevailing Wage

Yes, $60,000.
Right to Work

No.
Public-Private Partnerships

No statute authorizes or prohibits P3s on public construction projects.
Workforce Development Incentives

Current labor supply satisfies 96% of peak labor demand.

State offered $67,083,900 in grants and incentives for workforce preparation and development in 2023.
Career and Technical Education

49% of CTE high school graduates are placed in colleges or careers.

New Mexico recognizes NCCER as an approved curriculum for CTE programs.
Job Growth Rate

1.4%.

Prompt Pay	Private: Progress payments: 21 days after invoice, or 45 days for local public bodies who print notice on each page of the bid plans. Final payment:10 days after certification of completion upon presentment of required documents. Public: Progress payments: 21 days after invoice, or 45 days for local public bodies who print notice on each page of the bid plans. Final payment:10 days after certification of completion upon presentment of required documents. Subs: For both public and private, prime must pay sub and sub must pay lower tiers within 7 days of payment received.
Immigration/E-Verify Mandate	No law in place.
Percentage of State GDP From Nonresidential Construction	3.8%.
Incidence Rate	1.0
Occupational Safety & Health Oversight (State vs. Federal)	State plan covers private workplaces and state and local government workplaces.
Percentage of Union Membership in Private Construction	4.1%
Marijuana Legalization Status	Legalized for medicinal use and decriminalized for personal use.

Minimum Wage	10.50
Percentage of Pensions Funded	67.3%
Effective Real-Estate Tax Rate	0.59%
Corporate Income Tax Rate(s)	5.90%
State and Local Public Construction Expenditures (in millions)	$1,862

Overall Rank 41

New Mexico

National

PLA

PPP

WDI

CTE

JGR

New Mexico

National

PLA

PPP

WDI

CTE

JGR