Release courtesy of the New Mexico Economic Development Department
SANTA FE — The Job Training Incentive Program (JTIP) board approved $113,653 in funding during its June meeting to help create 37 new jobs in New Mexico, with an average wage of more than $14.02 an hour.
“The Job Training Incentive Program continues to be a key tool as the Economic Development Department strives to assist local businesses in hiring new employees,” said Economic Development Secretary-designate Jon Barela, whose department administers the JTIP program. “We will continue to promote the JTIP program as the department works toward business retention, recruitment and expansion.”
This month’s JTIP recipients are:
L & M Radiator, Inc. – Las Cruces, NM – A family-owned business which was established in Hibbing, Minnesota, in 1957. The company designs and manufactures radiators and other heat exchangers for industrial, mostly mobile, equipment. Most of L & M products are produced on a design-build basis for customers. The manufacturing process includes metal fabrication, copper tube manufacture and assembly of complete heat exchanger units. – $29,968 – 28 jobs.
CFV Solar Test Laboratory, Inc. – Albuquerque, NM – Is a joint venture of four partners: (CSA-International, VDE Testing and Certification Institute, Fraunhofer Institute for Solar Energy Systems, Franuhofer Center for Sustainable Energy Systems), and provides performance, reliability, and safety testing for photovoltaic (PV) modules. CFV will cooperate with its partners in issuing certification according to North American (UL) and international (IEC) standards. – $36,046 – four jobs.
CIC Photonics, Inc. – Albuquerque, NM – Designs and manufactures sophisticated turnkey gas phase chemistry analyzers for the semiconductor, solar, chemical, petroleum, and environmental-monitoring industries, as well as national laboratories, and universities. CIC Photonics is ISO certified, and its customers are located throughout the world with a 50/50 mix of domestic and foreign client companies. – $17,640 – three jobs.
CPFD Software, LLC. – Albuquerque, NM – Develops and distributes computer-aided-engineering (CAE) software products across international automotive, chemical, petrochemical and power generation industries. The company develops and distributes computer-aided software products for industrial applications that require a heavily laden particle flow field using the company’s breakthrough technology, computational-particle-fluid-dynamics, or CPFD®. CPFD software is used throughout the world by companies like General Motors, Ford, Caterpillar, Mazda, ExxonMobil, Dow Chemicals, Sony, Idemitsu Kosan, and Sandia National Laboratories. $29,999 – two jobs.
About JTIP
The Job Training Incentive Program (JTIP) reimburses qualified economic-based companies for a portion of training costs associated with job creation. The program provides for classroom or on-the-job training, reimbursing an expanding or relocating business for up to 75 percent of a trainee’s wages for as long as six months. The amount of the award depends on the number and complexity of jobs, the wages paid, and the business location.
To qualify, new or expanding companies must either create a product in New Mexico, or provide a non-retail service with 50 percent of the company’s customer and revenue base outside of the state. The eligible jobs must be full-time and year-round. The trainee must be a new hire to the company and have been a New Mexico resident for at least one continuous year at any time prior to being hired.
For more information on JTIP, visit www.goNM.biz.
