NEW MEXICO (KRQE) – A recent study ranked New Mexico as the eighth-best state where minority businesses are thriving. According to data from Lending Tree, 25% of businesses here in our state are minority-owned, and two-thirds have been operating for at least six years or more. New Mexico awards $4.3 million in grants to support outdoor recreation infrastructure Nearly half of those businesses have $500,000 in revenue. Maryland ranked number one followed by Nebraska and Washington D.C.