Job Training Incentive Program (JTIP)
One of the most effective programs of its kind in the country, EDD funds on-the-job training for newly created jobs in expanding or relocating businesses for up to 6 months. Reimbursement is upwards of 50% of the salary paid to the new employee. Some employee characteristics allow a company to increase the reimbursement percentage by 5% for jobs with entry wages that align with the High Wage Job Tax Credit – including any eligible employee who aged out of the NM foster-care system, trainees who have graduated within the past twelve months from a NM institution of higher education, or who are U.S. Veterans.
Only positions approved by the JTIP board are eligible for salary reimbursement. If hiring for new positions, a business must complete a JTIP application 30 days prior to the JTIP board meeting (second Friday of every month). If interested in JTIP, we can help you with the process.