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Greater Belen EDC
100 South Main St
Belen NM 87002
(505) 864-8221
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TRAINING ASSISTANCE
New Mexico Job Training Incentive Program
The New Mexico Job Training Incentive Program (JTIP) is one of the strongest workforce training programs in the nation. Since 1972, this highly flexible program has provided classroom and on-the-job training for new hires. Step Up is a new reimbursement program to cover the costs of additional training of existing employees for New Mexico manufacturers and service businesses that derive at least 50 % of their revenue out-of-state.
The JTIP program:
- Has over $20 million available in 2005-2006 in active training contracts as of June 2006.
- Provides customized training by New Mexico post-secondary educational institutions or company trainers.
- Requires companies to submit a proposal to the JTIP board.
Reimbursement Details:
- 50% of trainees' wages up to 1,040 hours/trainee in urban areas (population greater than 40,000).
- 60%-65% of trainees' wages up to 1,040 hours/trainee in rural areas and on tribal land.
- An additional 5% of trainee wages for approved jobs that meet High Wage Job Tax Credit wage guidelines.
- 100% of instructional costs provided by New Mexico accredited post-secondary educational institutions, such as community colleges and four-year colleges.
- Partial reimbursement for travel and per diem required of trainees or company trainers up to 5% of trainee wage reimbursement.
Conditions:
Eligible businesses are:
- manufacturers
- service exporters who derive 51% of their revenue from sales outside of New Mexico
- warehouse and distribution operations with 51% of revenues from sales outside of New Mexico.
And must be adding net new jobs.
- Businesses new to New Mexico qualify.
- Existing businesses qualify if new jobs represent an increase over the average previous three-year employee count.
- Previous JTIP recipients qualify if new jobs represent an increase over the highest employment level achieved under the previous JTIP contract.
New Mexico Department of Labor
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