Copyright © 2015 Albuquerque Journal
It’s not often New Mexico can brag of being top dog on a nationwide business list, but the state is being recognized as the fastest-growing place in the country for jobs related to international exports.
A U.S. Commerce Department report to be released today says local jobs supported directly and indirectly by state exports to other countries grew 107 percent over the last five years, from about 8,000 in 2009 to 16,500 last year. That’s substantially faster than the closest runners-up: Louisiana and Hawaii, with 66 percent growth, and South Carolina and Washington state, with 38 percent each.
“New Mexico was the No. 1 state in growth in trade-supported jobs,” U.S. Trade Representative Michael Froman told the Journal. “We’re talking about good-paying jobs that generally pay up to 18 percent more than non-export jobs.”
The report provides a state-by-state breakdown on number of jobs supported by exports and number of businesses selling overseas. For New Mexico, the report counts 1,343 exporting businesses around the state, nearly 83 percent of them small- and medium-sized companies.