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CARLSBAD, NM, April 23, 2019 /24-7PressRelease/ -- New Mexico Economic Development Secretary Alicia J. Keyes announced that the Job Training Incentive Program (JTIP) board approved statewide proposals from 12 companies, creating 54 jobs. At the top of the list was Eagle Automation, which was approved for the initial 15 new jobs created in Carlsbad to be employed at their new Carlsbad facility to support the company's fabrication, assembly and warehousing operations. The total value of the incentives awarded to Eagle Automation was $359,419.84. As the company continues to grow, they are eligible for additional incentives.
JTIP is one of the most generous training incentive programs in the country, reimbursing up to 75% of employee wages for classroom and on-the-job training in new jobs for up to 6 months. The average wage of all trainee positions approved was $29.98 per hour. The state will invest a total of $960,911.96 in the following companies:
1. Eagle Automation, Carlsbad (15 trainees)
2. Taos Mountain Energy Foods LLC, Questa (10 trainees)
3. Flow Science Inc., Santa Fe (7 trainees)
4. Southwest Pattern Works Inc., Albuquerque (6 trainees)
5. Ex Novo Brewing Company, Corrales (6 trainees)
6. UbiQD Inc., Los Alamos (3 trainees)
7. 3D Glass Solutions Inc., Albuquerque (2 trainees)
8. New Mexico Consortium, Los Alamos (1 trainee)
9. Reunity Resources, Santa Fe (1 trainee)
10. Ridgeline Manufacturing & Engineering Inc., Albuquerque (1 trainee)
11. Banyan Botanicals, Albuquerque (1 trainee)
12. Cinnafilm Inc., Albuquerque (1 trainee)
"JTIP helps companies expand in New Mexico by supporting new job creation and reimbursing training costs," said Keyes about the program. "Our state economy grows when employers have the means to train new employees with the skills they need to be successful. Both homegrown and expanding companies have made New Mexico their home because of this remarkable program."
"We are honored that Eagle Automation has decided to expand into our community in New Mexico," said Carlsbad Department of Development Executive Director John Waters, who spoke to state's JTIP committee on the benefits that this expansion would bring to New Mexico. "Incentive programs like JTIP definitely help a company decide to come to our state for expansion rather than states like Texas."
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