Job Training incentive program
New Mexico has one of the most aggressive training incentive packages 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 six months.
The program reimburses 50 to 70 percent of employee wages and required travel expenses. Custom training at a New Mexico public educational institution may also be covered.
The New Mexico State Legislature created the Job Training Incentive Program, formerly known as the Industrial Development Training Program or “in plant training,” in 1972. In FY2008, JTIP allocated $11.6 million for over 60 separate projects. Of the 1,978 new jobs created, 1,437 were urban and 541 were rural, and the projects covered the entire state, from Farmington to Santa Teresa.