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.
The Step Up Program is an aspect of JTIP that reimburses companies to train, and therefore better retain, incumbent employees with new knowledge and skills.
"JTIP is a vital part of our economic recovery because it jump starts hiring by getting workers trained faster in the skills they need for good-paying jobs," Gov. Michelle Lujan Grisham said. "I am encouraged to see that New Mexico companies have already used the JTIP program to hire or retrain more than 2,600 workers this fiscal year."