ECONOMIC DEVELOPMENT NEWS
Manufacturers that provide oil and gas products, solar windows, and specialty jewelry were among the businesses awarded job training assistance Friday, Economic Development Secretary Alicia J. Keyes announced.
The Job Training Incentive Program (JTIP) board awarded almost $600,000 to a total of six companies to train 69 regular jobs and one intern in Albuquerque, Carlsbad, Taos, Los Alamos, and Santa Fe.
JTIP is one of the most generous training incentive programs in the country, reimbursing 50-75% of employee wages for classroom and on-the-job training in new jobs for up to 6 months. The New Mexico State Legislature created JTIP, formerly known as the Industrial Development Training Program, or “in plant training,” in 1972. Since then, JTIP has supported more than 1,600 training projects and the creation of nearly 47,000 jobs.
The average wage of all trainee positions approved is $27.26 per hour. The state will invest a total of $598,661 in the following companies:
Carenet Healthcare Services, Albuquerque (45 trainees) – Carenet helps over 100 healthcare organizations maximize performance while educating, empowering, and motivating more than 25 million consumers worldwide.
Eagle Automation, Carlsbad (12 trainees) – Eagle Automation provides a automation and measurement services and products to upstream oil and gas producers
Flow Science Inc., Santa Fe (5 trainees) – Flow Science provides a simulation platform for engineers investigating the dynamic behavior of liquids and gas in a wide range of industrial applications and physical processes.
Splitter Designs, Taos (2 trainees) – Splitter Designs creates jewelry for the outdoor enthusiast.
The Verdes Foundation, Albuquerque(3 trainees) – The Verdes Foundation is a nonprofit organization and one of the longest operating production and dispensary in New Mexico. JTIP, which cannot fund positions associated with the medical cannabis growing, will pay for trainees in the production of value-added products.
UBiQD, Los Alamos (2 trainees plus 1 paid intern) – UbiQD, Inc. is a nanotechnology company that manufactures high-performance cadmium-free quantum dots and composite materials. The company uniquely focuses on applications that utilize its nanomaterials to manipulate sunlight, enabling solar windows and spectrum-controlled greenhouses.
Eligibility for JTIP funds depends on the company’s business, the role of the new jobs in that business, and the trainees themselves. JTIP eligibility guidelines can be found on the EDD website.The JTIP Board meets monthly to consider proposals & amendments from companies. To learn more about JTIP and other EDD programs, visit http://gonm.biz.