Business is booming in New Mexico, state reports

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New Mexico has seen an 8.2% increase in businesses since this time last year.

North, south, east and west — new businesses keep popping up all over the state. All 33 New Mexico counties have seen an increase in the number of physical business establishments between the third quarter of the fiscal year 2021 compared to the same period in 2022, according to the New Mexico Economic Development Department (EDD), which has released an analysis of data from the third quarter of the fiscal year 2022.

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