New Mexico USA

Area Development State Report
Growing and Well-Trained Population

nm According to the U.S. Census Bureau, New Mexico's population totaled 1.68 million in 1995, up 16.3 percent from 1980. (The U.S. population increased 9.8 percent during the same period.) The major growth areas were in and around the three major metropolitan areas - Albuquerque, Las Cruces, and Santa Fe - and in Los Alamos County. The labor pool has also experienced healthy growth.

nm New Mexico's work force is young, ethnically diverse, and well-trained. The state's highly touted In-Plant Training Program has been producing quality employees for more than 20 years. Companies such as General Mills, Intuit, and Taco Bell cite the program as one of the reasons for locating there. Both classroom and on-the-job training are offered, with an emphasis on industries that manufacture or assemble products. Reimbursable training costs include 50 percent of on-thejob hourly wages up to 1,040 hours and 100 percent of an institution's costs when training is offered at a public educational facility. In fiscal year 1996, funding for the program totaled $6.5 million.

nm A well-educated population is a priority. Approximately 95 percent of public school funding is provided by the state. New Mexico was the first state to provide funding for bilingual and multicultural education in public schools and is one of only four states using an equalization funding formula to distribute K-12 funds equally to all students. SAT scores in the state are consistently above the U.S. average. In addition, there is a broad spectrum of postsecondary institutions, including five universities, five community colleges, and three vocational-technical schools.

 

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