NM Economic Development Dept. Approves $1.3M to Assist 11 Companies Train Employees in April

The Job Training Incentive Program board approved 11 New Mexico companies for funding to support workforce training for 116 new and current employees, Acting Economic Development Department (EDD) Cabinet Secretary Mark Roper announced Monday.

Twelve awards were announced for 11 organizations, including one amended and two Step Up awards.

The original Job Training Incentive Program reimburses companies a portion of the cost to train new New Mexico employees. Changes in the economy and new technologies created the need for a new component of JTIP, the Step Up program. Step Up provides training for current employees to perform higher-skilled work in better-paying positions.

The 11 approved organizations are located in Albuquerque, Cuyamungue, Las Vegas, Rio Rancho, Santa Fe, Santa Teresa and Taos.

The total amount approved by the April JTIP Board was $1,307,382.

Rio Rancho company AerSale Landing Gear Solutions was approved for 22 trainees at an average wage of $21.95, with a total approval of $171,794.

AerSale Landing Gear Solutions has recently reconfigured its existing 100,000-square-foot facility to incorporate a 60,000-square-foot landing gear shop. The company’s complete overhaul capability for landing gear assemblies includes non-destructive testing services, state-of-the-art CNC machining, a 30-tank plating line, and on-site bushing fabrication, in addition to the airframe component and structural repairs and overhauls that ACS has done for years.