(Deming) - The New Mexico Economic Development Department's Job Training Incentive Program (JTIP) approved $708,167 in funding to seven New Mexico companies including one in Deming that will create 99 jobs around the state with an average wage of $15.20 hour. Compass Components, is a privately held manufacturing services and distribution corporation.
Headquartered in Fremont, California, they also do business in Deming and will receive $89,512 slated to add 14 additional jobs. The Job Training Incentive Program 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 "JTIP is a proven job-creating program designed to help offset the cost of on-the-job training for qualified companies when a New Mexican is hired," said Economic Development Secretary Jon Barela.
Other Companies receiving funds are: Neptune Aviation Services, Alamogordo -. $86,617, 5 jobs. PreCheck, Inc., Alamogordo - $236,450, 35 jobs Prime Therapeutics, LLC, Albuquerque - $151,010, 32 jobs Lavu, Inc., Albuquerque $39,366, 8 jobs. CAaNES, LLC, Albuquerque - $101,452, 4 jobs Santa Fe Spirits, Santa Fe $3,760, 1 job The Job Training Incentive Program 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.
Headquartered in Fremont, California, they also do business in Deming and will receive $89,512 slated to add 14 additional jobs. The Job Training Incentive Program 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 "JTIP is a proven job-creating program designed to help offset the cost of on-the-job training for qualified companies when a New Mexican is hired," said Economic Development Secretary Jon Barela.
Other Companies receiving funds are: Neptune Aviation Services, Alamogordo -. $86,617, 5 jobs. PreCheck, Inc., Alamogordo - $236,450, 35 jobs Prime Therapeutics, LLC, Albuquerque - $151,010, 32 jobs Lavu, Inc., Albuquerque $39,366, 8 jobs. CAaNES, LLC, Albuquerque - $101,452, 4 jobs Santa Fe Spirits, Santa Fe $3,760, 1 job The Job Training Incentive Program 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.
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