Monthly Job Training Funds Support 104 Trainees and 7 Interns
20 May 2021
SANTA FE, N.M. – The Job Training Incentive Program (JTIP) Board announced this month's recipients of training funds totaling over $1.7 million at the May 14 meeting. Thirteen companies applied in order to hire for new well-paying positions, and another will receive a Step-Up Grant to train incumbent employees.
JTIP, a program of the New Mexico Economic Development Department, covers a portion of trainee wages (50-75% depending on location) for up to 6 months. Jobs with entry wages that align with the High Wage Job Tax Credit are eligible for an additional 5% and companies that hire trainees who have graduated within the past twelve months from a NM institution of higher education or who are U.S. Veterans may be eligible for an additional 5% reimbursement. Expenses are reimbursed after training is completed.