New Mexico

New Mexico provides several programs to support business expansion and workforce development.

Programs like the Job Training Incentive Program (JTIP) offer wage reimbursements for newly created jobs, while New Mexico Works connects TANF participants with career opportunities, helping employers access trained candidates with financial incentives.

Job Training Incentive Program (JTIP)

• Purpose: Funds classroom and on-the-job training for newly created jobs in expanding or relocating businesses.
• Eligibility:
  • Companies creating new jobs due to expansion or relocation to New Mexico.
  • Excludes certain industries, such as agriculture, construction, extractive industries, gambling, healthcare, and retail.
• Benefits:
  • Reimburses 50-90% of employee wages for up to 6 months.
  • Custom training at New Mexico public educational institutions may also be eligible for reimbursement.
• Application process: Apply through the New Mexico Economic Development Department.
• More info: Known as one of the most generous training incentive programs in the U.S., with additional wage reimbursements for high-wage positions and businesses utilizing workforce support services.

New Mexico grants for small businesses

For New Mexico grants for small businesses, the JTIP provides substantial wage reimbursement for newly created jobs, supporting businesses as they expand or relocate to New Mexico.

Other relevant programs in New Mexico

• New Mexico Works (for TANF recipients): Connects TANF participants to career opportunities with two primary programs:
  • Career Link: Part-time positions (20 hours/week) with private industry employers, available for up to 6 months.
  • Wage Subsidy: Full-time positions (40 hours/week) within government agencies, available for up to 12 months.
  • Benefits for Employers: Offers financial incentives to hire eligible participants, at no cost to the employer.