Category: Local Incentives, Training & Consulting
AGENCY: New Mexico Economic Development Department (NMEDD)
DESCRIPTION: The Job Training Incentive Program (JTIP) funds classroom and on-the-job training for new employees in newly created jobs in qualified expanding or relocating businesses.
• JTIP reimburses approved companies for a portion of new employee wages during an initial training period which ranges from one to six months. The length of the training period depends on job complexity and the wages paid.
• Custom training at an accredited New Mexico public educational institution may also be covered and is applied for separately.
• JTIP Staff at NMEDD work with companies to determine eligibility and provide technical assistance for proposal development.
• The JTIP Board establishes program policy, assures funds are expended in accordance with New Mexico law, and approves or disallows funding requests. QUALIFICATION CRITERIA: Eligibility for JTIP funds depends on the company’s business, the role of the newly created jobs in that business, and the trainees themselves. Company Eligibility: Three categories of business are eligible for consideration:
• Companies that manufacture or produce a product in New Mexico. Renewable power generators, film post-production companies, and film digital production companies are eligible under this category.
• Non-retail service companies that derive 50% or more of revenue from customers out of state.
• Certain “green” industries.
Job Eligibility: Jobs eligible for JTIP funding must:
• Be full-time (minimum of 32 hours/week) and year round.
• Be newly created and directly related to the creation of the product or service.
• Meet a minimum wage requirement.
Trainee Eligibility: JTIP trainees must :
• Be new hires to the company.
• Reside in New Mexico.
• Have lived in New Mexico for one continuous year at any time in their lives.
• Not have dropped out of high school in the three months prior to being hired. PROGRAM BENEFITS: Wage Reimbursement: The rate of wage reimbursement depends on business location.
• 40% in the metro areas of Albuquerque, Farmington, Las Cruces, Los Alamos, Rio Rancho, Roswell, and Santa Fe
• 65% in rural New Mexico (outside the city limits of metro areas listed above)
• 75% in frontier areas (communities with a population of 15,000 or fewer outside an MSA), in economically distressed areas (counties with unemployment rates significantly higher than the state unemployment rate), and on Native American reservations
Customized Training: Delivered by a New Mexico post secondary educational institution.
• Requires a separate proposal.
• Must occur within the JTIP wage reimbursement period.
• Reimbursed at a rate of up to $35 per hour per trainee.
• Reimbursement is capped at $1,000 per trainee.
• Positions must be approved by the JTIP board before an employee begins work in order to be eligible for JTIP reimbursement.
• Reimbursement occurs after trainees have completed the approved training period.
• For more information contact Therese Varela, Program Manager, at email@example.com or Cindy Evans, Program Administrator, at firstname.lastname@example.org.