New Mexico’s Job Training Incentive Program board has approved around $1.3 million in funding to support 190 trainees at seven New Mexico companies in July, according to the state Economic Development Department.
Companies approved to receive at least $100,000 in funding include:
• Systems Integration Inc., which plans to train 100 employees at an average wage of $17 per hour, using $545,750 in state funding.
• Cyber Security Works, which plans to train 13 employees in Albuquerque at an average hourly wage of $56.88, using $411,390 in state funding.
• nQ Zebraworks Inc., which plans to train 15 employees in Sandia Park at an average hourly salary of $34.45, using $281,522.70 in state funding.
• Lancs Industries, which plans to train 49 employees with an average hourly wage of $15.82, using $165,804 in state funding.
• UbiQD Inc., which plans to train six employees in Los Alamos at an average salary of $40.47 per hour, using $138,654.28 in state funding.
The program supports economic development in New Mexico by reimbursing qualified companies for a significant portion of training costs associated with newly created, full-time, year-round jobs, the release said.