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.
Wage reimbursements may not exceed 15% above the standard rates (50-75%*). Companies may combine up to three of the following conditions for an additional 5% wage reimbursement:
- Companies paying wages that qualify for the High Wage Jobs Tax Credit
- Hiring recent NM higher ed graduates
- Hiring Veterans
- Hiring individuals who have exited NM foster care
- Employers using recognized workforce support services to strengthen recruitment and retention
*Standard rate: up to 50% in urban areas, population > 60k; 65% in rural areas, population <60k; 75% in frontier, economically distressed, and Native American communities, population <15k.