The Policy Power Behind Space Valley and the Future of New Mexico’s Economy

New Mexico’s space economy is at a turning point. With its unique combination of federal research labs, military assets like AFRL and Kirtland Air Force Base, world-class universities, and entrepreneurial drive, the state is increasingly being recognized as a hub for aerospace, defense, and directed energy innovation. But sustaining that momentum requires not only infrastructure and talent—it requires strong policy leadership.

Representative Dayan Hochman-Vigil, who represents Albuquerque in the New Mexico House of Representatives, has been at the forefront of advancing legislation and initiatives that strengthen the state’s high-tech ecosystem. From her work on economic development policy to her advocacy for innovation and workforce readiness, she has helped position New Mexico to compete nationally and globally in the fast-growing space economy.

In this exclusive Q&A with MaxQ@Kirtland, Rep. Hochman-Vigil discusses why New Mexico is uniquely positioned to lead, what the state is doing to support aerospace and defense industries, and how the legislature is preparing for the future of innovation. She also highlights how projects like MaxQ@Kirtland align with the state’s economic vision and why they are critical to ensuring that New Mexico remains a leader in the next generation of space and technology.

Q: What makes New Mexico uniquely positioned to lead in aerospace and directed energy?

A: New Mexico brings together a rare combination of assets. We have homegrown talent, robust infrastructure, a strong federal and state presence, and an unmatched enthusiasm for aerospace and directed energy development…

…Importantly, much of the heavy lifting has already been done—we’ve invested in the facilities, resources, and partnerships needed to support these industries. Now it’s about attracting companies to invest here and leverage everything our state has to offer.

Q: What state initiatives are currently supporting the growth of space and defense innovation clusters?

 A: The state has identified aerospace as a priority sector for economic development. That designation means companies—from early-stage startups to established firms—can access multiple funding sources. Through the Economic Development Department and the New Mexico Finance Authority, businesses can apply for grants, ultra-low interest loans, and workforce training funds. These programs are designed to lower barriers, accelerate growth, and help companies scale while staying rooted in New Mexico.

Q: How is the state collaborating with federal and military partners to ensure local businesses benefit?

 A: Collaboration is central to our strategy. The state provides discretionary grants and appropriations to support incubator and accelerator programs like NewSpace Nexus, the Space Valley Coalition, and the Association of Commercial Space Professionals. These organizations bridge the gap between federal opportunities and local industry, helping New Mexico businesses compete for contracts and play a role in major national defense and aerospace initiatives.

Q: MaxQ is transforming underutilized federal property into a hub for innovation. What does this type of development mean for Albuquerque and the state?

 A: MaxQ’s work is critical. It creates a platform for cultivating homegrown talent, while also advancing “site readiness” initiatives that align directly with the state’s economic strategy. By turning underutilized property into a thriving hub, MaxQ not only supports local businesses but also enhances our ability to attract new investment in aerospace and defense. It’s exactly the type of project that can help transform New Mexico into a recognized center for innovation.

Q: What role does the legislature play in shaping the future of aerospace and high-tech industries in New Mexico?

 A: The Legislature has a direct role in enabling growth. This year we passed the New Mexico Innovation Act, which creates a Technology and Innovation Division within the Economic Development Department. This new division will oversee an advisory board, provide access to a research, development, and deployment fund, and create opportunities for project match funding. It’s designed to give local businesses—especially in aerospace and directed energy—the resources and support they need to grow. I expect to see many companies benefit from this as the division comes online over the next year.

Q: Looking ahead, what excites you most about New Mexico’s role in the national and global space economy?

 A: I’m most excited about the fact that New Mexico is finally getting the recognition it deserves. We’ve always had the resources, talent, and vision, but now we’re seeing the pieces come together—federal, state, private sector, and institutions all aligned. The opportunity for New Mexico to not only participate but lead in space and directed energy innovation is tremendous, and I’m proud to be part of building that future.