Gov. Susana Martinez
- Nearly 10,000 Jobs Created Through JTIP Since 2011
Albuquerque — Gov. Susana Martinez joined local business leaders to announce that JTIP created more than 2,000 jobs in 2017.
This brings the total amount of JTIP jobs created over the last seven years to nearly 10,000. The program also saw its second-highest average rural wage at more than $21 an hour.
“When we work to grow and diversify our economy in New Mexico it means more jobs for hardworking New Mexicans,” Martinez said. “I’m proud of the success we’ve seen in the JTIP program and other key incentives and we will continue to build on it. We love showing the world what we already know: New Mexico is the best place to live, work and raise a family.”
This news comes right after New Mexico was ranked the third-fastest growing economy in the U.S., creating more than 15,000 private-sector jobs since this time last year.
New Mexico also was ranked in the top ten for private-sector job growth in the nation, seeing the largest private-sector job growth in a decade. Additionally, Governor Martinez recently announced that Facebook will double its investment in New Mexico – bringing their total commitment to New Mexico to half a billion dollars.
“JTIP is growing our private sector and creating good paying jobs for people in New Mexico,” Economic Development Secretary Matt Geisel said. “This powerful tool has helped us recruit new companies to our state and has helped homegrown companies succeed.”
JTIP is consistently recognized as one of the top five workforce development programs in the country. The program’s success has helped New Mexico create jobs, grow the private sector economy and raise wages across the state.
Funds totaled $13.7 million for the 57 companies from 11 different counties that participated in JTIP in 2017.
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 50-75 percent of employee wages.
For eligibility details visit the New Mexico Economic Development Department website.