Netflix Assembles New US Production Hub In New Mexico

Netflix has chosen New Mexico as the site of a new U.S. production hub and is in final negotiations to buy an existing multi-million dollar studio complex on the edge of the states largest city, government and corporate leaders announced this week.

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It’s the company’s first purchase of such a property, and upcoming production work in Albuquerque and at other spots around New Mexico is forecast to result in $1 billion in spending over the next decade.

More than $14 million in state and local economic development funding is being tapped to bring Netflix to New Mexico. Republican Gov. Susana Martinez and Albuquerque Mayor Tim Keller, a Democrat, touted the investment and said lengthy efforts to put New Mexico on the movie-making map are paying off.

“After years of hard work to cut taxes and make New Mexico business-friendly, we’re seeing incredible results,” Martinez said in a statement.