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New Mexico Job Training Incentive Program
New Mexico EDD
ABOUT THE GRANT
New Mexico has one of the most generous training incentive programs in the country. The Job Training Incentive Program (JTIP) funds classroom and on-the-job training for newly created jobs in expanding or relocating businesses for up to 6 months. The program reimburses 50-90% of employee wages. Custom training at a New Mexico public educational institution may also be reimbursed.
Businesses eligible for consideration include:
-Companies that manufacture or produce a product in New Mexico
-Non-retail service companies that export a substantial percentage of services out of state (50% or more of revenues and/or customer base). Software development companies, customer support centers and product testing laboratories are three examples of businesses that have qualified in this category
-Certain green industries
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NOTES
We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.
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