JTIP assisted 72 New Mexico businesses in 21 communities in FY 2023
A technician works on wafer processing at 3D Glass Solutions, Inc. in Albuquerque, N.M., on Wednesday, April 19, 2023. ()
SANTA FE — The New Mexico Economic Development Department (EDD) approved funding to support up to 1,255 jobs through the Job Training Incentive Program (JTIP) for fiscal year 2023 and is now seeing the highest ever average wage for the program, EDD Cabinet Secretary Alicia J. Keyes announced. In total, 72 companies were assisted throughout 21 New Mexico communities. The total amount allocated in FY23 was just over $16 million. JTIP encourages companies to provide high-wage positions, do business in rural or frontier areas, and hire Veterans and recent graduates from New Mexico higher education institutions by offering a greater percentage of reimbursement to the company.
The JTIP-supported wage for trainees under the program hit an average of $27.08 an hour in FY2023, up 8% from a year ago and 28% from four years ago.
“From high-tech to hands-on, New Mexico’s businesses are growing,” Secretary Keyes said. “JTIP and other EDD programs make it easier for these companies to hire new workers and expand operations within our state. Simultaneously, the program assists these businesses in training existing employees so they can learn the needed skills to improve their abilities and earn a higher wage.”
In June, EDD’s JTIP Board approved another $1.3 million for 10 New Mexico companies to hire and train 60 employees and six trainees for the final group of FY23 JTIP awardees. This diverse group of home-grown companies include many that fall within Gov. Michelle Lujan Grisham’s target industries for growth and economic diversification.
JTIP funds cover at least 50% of the cost to train new employees for up to six months. Funds are dispersed after training has been completed and all agreed upon benchmarks are met.
The companies approved for JTIP in June are:
- 3D Glass Solutions, Inc. (3DGS), Albuquerque, 1 trainee at an average wage of $46.88 for a total amended award of $26,815.36.
- Century Sign Builders (CSB), Albuquerque, 5 trainees at an average wage of $30.05 and 2 interns at an average wage of $19 for a total award of $93,102.60.
- Indica Labs, Inc., Albuquerque, 8 trainees at an average wage of $33.24 and 4 interns at an average wage of $21 for a total award of $189,617.60.
- Kairos Power LLC, Albuquerque, 25 trainees at an average wage of $50.70 for a total award of $666,100.
- National Water Services, Inc., Santa Fe, 5 trainees at an average wage of $21.20 for a total award of $46,770.
- Pajarito Powder LLC, Albuquerque, 3 trainees at an average wage of $33.39 for a total award of $57,200.96.
- Parting Stone, LLC, Santa Fe, 1 trainee at an average wage of $22.55 for a total amended award of $7,216.
- Paseo Pottery, Santa Fe, 2 trainees at an average wage of $23 for a total award of $23,330.
- Vibrant Corporation, Albuquerque, 9 trainees at an average wage of $37.91 for a total award of $173,264.56.
- Visgence Inc., Las Cruces, 1 trainee at an average wage of $33.43 for a total award of $20,943.96.
For more information on the program visit JTIP on the EDD website.
