The New Mexico Economic Development Department (EDD) has announced that 14 companies in the state received approval for funding from the Job Training Incentive Program (JTIP) in November and December of 2023. The initiative is projected to support the training of up to 395 employees, trainees, and interns at various locations throughout New Mexico.
In November, the approved companies included AerSale, Inc. (Roswell), Arcosa Wind Towers (Belen), Calgon Carbon Corporation (Bloomfield), ErgoTech Systems, Inc. (Los Alamos), Infinity Labs, LLC (Albuquerque), KiloNewton, LLC (Albuquerque), LoadPath, LLC (Albuquerque), and Stampede Meat, Inc. (Sunland Park). According to an EDD press release, six additional companies were approved in December: CAVU Aerospace, Inc. (Roswell), Higher Cultures LLC (Las Cruces), Pajarito Powder LLC (Albuquerque), Paradise Power Company, Inc. PPC Solar(Taos), Southwest Composite Works, Inc. SWP(Albuquerque), and Spiritus Technologies PBC(Los Alamos). These initiatives are expected to enhance skills and support industries such as aerospace, cannabis processing, clean/green hydrogen energy, photovoltaic systems, advanced composites and direct air carbon capture - all contributing to economic diversification and innovation in the state.
Acting EDD Secretary Jon Clark said in a press release by EDD: "In the past year, the JTIP program has reached all corners of New Mexico. These grants give businesses the opportunity to train workers for higher-paying jobs and expand their workforce with new hires. JTIP is helping to boost economic security for New Mexico families."
JTIP offers financial support for classroom and on-the-job training for newly established positions in growing or relocating businesses over a period of up to six months. The program provides reimbursement ranging from 50% to 90% of employee wages and also covers custom training conducted at New Mexico public educational institutions. Originally established in 1972 as the Industrial Development Training Program, or "in-plant training," JTIP has facilitated over 1,600 training projects, resulting in the creation of nearly 47,000 jobs, according to the JTIP webpage provided by EDD.
