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NM Economic Development awards job training grants for 15 companies


Among those approved is Compass Made Inc. in Deming.
This tranche of companies approved at the April JTIP board meeting included three that have never applied for JTIP funding before, DeeDee’s Finest Beef Jerky in Española and Pronto Signs and Solstar Space Company in Santa Fe. Additionally, of the 15 awarded companies, six of them have received JTIP funding only once before.
“JTIP is a proven tool to help businesses create jobs and keep them in New Mexico,” Keyes said. “This month’s recipients are a great example of how we are working to support companies of all sizes and in every corner of the state.” ....

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April JTIP funds to support 575 trainees


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ALBUQUERQUE, N.M. In April, New Mexico’s Job Training Incentive Program board approved $2.8 million to 15 companies to train a total of 575 employees in April, according to the state Economic Development Department.
Companies that received at least $100,000 include the following, according to a news release from EDD:
– Mass Market NM, which was awarded $883,640 to support 360 trainees in Las Cruces at an average wage of $14.01 per hour.
– Torc Robotics, which was awarded $642,239.28 to support 30 trainees in Albuquerque at an average wage of $40.
– Faneuil Inc., which was awarded $426,300 to support 125 trainees in Albuquerque at an average wage of $13.44.
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– BennuBio Inc., which was awarded $201,452 to support 10 trainees and one intern in Albuquerque. The intern will make $17.50 an hour, and the average trainee will make $36, acc ....

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