Exploring Business Incentives and Training with New Mexico’s Job Training Incentive Program (JTIP)

In an era where businesses constantly strive to gain a competitive edge and adapt to the ever-evolving marketplace, the significance of business incentives and training cannot be overstated. One of the most prominent programs facilitating such growth in New Mexico is the Job Training Incentive Program (JTIP). This initiative has been instrumental in propelling job creation and skill enhancement across the state, particularly in rural areas where economic opportunities can be scarce.

Understanding JTIP: A Pillar of Business Incentives

The Job Training Incentive Program, administered by the New Mexico Economic Development Department, provides a compelling business incentive designed to encourage companies to expand and flourish within the state. JTIP offers financial assistance to both new and established businesses, reimbursing between 50% and 90% of employee wages during the training period. This substantial reimbursement can significantly reduce the financial burden on businesses, enabling them to allocate more resources toward expansion and innovation.

One of the remarkable aspects of JTIP is its inclusive nature. While it aims to bolster job creation statewide, it places a particular emphasis on fostering growth in rural areas. In the fiscal year 2025 alone, JTIP has supported 56 companies in creating 1,010 jobs, with 692 of these positions located in rural regions. This emphasis contributes to a more balanced economic development across New Mexico, ensuring that opportunities are not confined to urban areas.

Business Incentives Driving Economic Growth

For companies operating in New Mexico or considering relocation, JTIP serves as a powerful business incentive. By alleviating the costs associated with training new hires or upskilling current employees, JTIP makes it feasible for businesses to expand their workforce without incurring prohibitive expenses. This, in turn, stimulates job growth and enhances the skill set of the local workforce, creating a thriving business environment.

In April 2025, several companies across New Mexico benefited from JTIP’s financial support, illustrating the program’s diverse impact. For instance, Humble Brands Inc. in Taos received $120,316 to onboard six new employees at an impressive average wage of $29 per hour. Not only does this support the company’s growth, but it also uplifts the local economy by providing well-paying jobs.

Similarly, Securin Inc. in Albuquerque was awarded over $540,000 in funding to train a cohort of new trainees and interns. This investment underscores JTIP’s role in fostering technological and cybersecurity advancements within the state. By supporting companies like Securin, JTIP catalyzes industry development and ensures that New Mexico remains competitive in the tech-driven landscape.

Training: A Key Component of Business Success

Training is a critical element that complements the financial incentives offered by JTIP. Companies such as Stampede Culinary Partners Inc. in Sunland Park and Vitality Works Inc. in Albuquerque have harnessed JTIP funding to upskill their workforce, positioning themselves for future success. For instance, Stampede Culinary Partners Inc. not only utilized JTIP funds to train 63 new trainees but also received additional support through the Step Up program to enhance the skills of 13 incumbent workers. This strategic focus on training aligns with modern business practices, where a skilled and adaptable workforce is essential for sustained growth.

Moreover, companies like Rolling Still Distillery in Taos exemplify JTIP’s impact on women-owned businesses, demonstrating how the program promotes diversity and inclusivity within the business community. By empowering businesses of all sizes and types, JTIP reinforces New Mexico’s commitment to fostering a robust and equitable economy.

Embracing Opportunities Through JTIP

In conclusion, the Job Training Incentive Program (JTIP) stands as a testament to New Mexico’s dedication to creating a thriving economic landscape through business incentives and training initiatives. By reducing the financial burdens associated with employee training and supporting job growth in both urban and rural areas, JTIP provides companies with the resources needed to expand and innovate. For businesses in New Mexico, JTIP is more than just a program—it is a gateway to new opportunities, cementing the state as a formidable player in the national and global market.

For more business incentives offered to companies in New Mexico, visit our page here.

Source: EDD