Job Training Incentive Program Awards $243,528 in October

SANTA FE, N.M. – The Job Training Incentive Program (JTIP) board approved $243,528 in funds at their October meeting, creating 46 new jobs and providing funding for the training of two additional positions.
 
"Sustained job growth is essential to the success of New Mexico," said Economic Development Department Cabinet Secretary Fred Mondragón.  "Both the JTIP and their associated "Step Up" program ensure that businesses have the tools necessary to meet their expansion needs."
This month's JTIP recipients are:

• ClosedWon, LLC- Albuquerque-  providing consultation and integration services for customers deploying Salesforce.com based Customer Relationship Management (CRM) and related IT business systems-$18,500- 1 new job

• Visible Light Solar Technologies, Inc.- Albuquerque- an intelligent solar and LED technology lighting company-$221,250- 45 jobs created

• Animas Environmental Services, LLC - Farmington – an environmental engineering consulting firm that provides services to the Mountain West -$3778- used "Step Up" to train two employees

About JTIP
The Job Training Incentive Program (JTIP) reimburses qualified economic-based companies for a significant portion of training costs associated with job creation. It provides for classroom or on-the-job training, reimbursing an expanding or relocating business for 50-80 percent of a trainee’s wages for as long as six months.
 
To qualify, new or expanding companies must either create a product in New Mexico, or provide a non-retail service with 50 percent of the company’s customer and revenue base outside of the state. The eligible jobs must be full-time and year-round. The trainee must be a new hire to the company and have been a New Mexico resident for at least one continuous year at any time prior to being hired.
 
About "Step Up"
"Step Up" reimburses qualified companies in rural New Mexico 50% of the cost to provide training for existing employees, up to $2000 per employee.
For more information on JTIP, visit www.goNM.biz