Economic Development in New Mexico Reaches New Heights

New Mexico Economic Development Business incentive programs

Maximize Your Business Potential with New Mexico’s Economic Development and Business Expansion Opportunities

Discover how your company can thrive with New Mexico’s innovative job training funds designed to create business incentives to support business expansion and business relocation to New Mexico. This program is structured to give businesses the incentive to relocate to anywhere in New Mexico, including Sandoval County and the City of Rio Rancho. It fuels economic development, business relocation, and growth. Take advantage of the state’s $1.6 million investment in the Job Training Incentive Program (JTIP) that supports business expansion by training up to 119 employees across nine forward-thinking companies in the Greater Albuquerque area and beyond.

Harness the Power of Business Growth and Relocation in New Mexico

The JTIP is your gateway to advancing hiring and upskilling efforts, with monthly board-approved funds that reimburse companies for a minimum of 50% of trainee wages for up to six months. This is a unique opportunity for business growth, allowing companies from various industries such as advanced manufacturing, aerospace, and sustainable technology (batteries, hydrogen, solar, and cybersecurity) to broaden their horizons.

Join the Ranks of Innovative New Mexico Companies

  • DesignStein LLC (Artesia): Specializing in value-added manufacturing, DesignStein serves the aircraft industry, boat owners, and homeowners with innovative solutions.
  • Franklin Mountain Packaging (Santa Teresa): Tailor-made packaging solutions that meet client needs while aligning with sustainability.
  • General Airframe Support Inc. (Roswell): Comprehensive MRO services for commercial and military aircraft.
  • GridFlow Inc. (Albuquerque): Cutting-edge flow-battery technology for trade shows.
  • Gridworks Inc. (Albuquerque): Pioneering clean energy infrastructure and grid modernization.
  • Indica Labs Inc. (Albuquerque): Streamlining digital pathology image analysis.
  • Pajarito Powder LLC (Albuquerque): Advancing electrocatalysts for energy conversion technologies.
  • Sceye Inc. (Moriarty): Solar-powered stratospheric airships transforming connectivity and environmental monitoring.
  • Securin Inc. (Albuquerque): Comprehensive security solutions for enhancing organizational safety.

Let New Mexico be the catalyst for your company’s relocation and expansion. With the state rapidly becoming a hub for sustainable energy and advanced technology, now is the perfect time to invest in your business’s future and economic development.

Contact SEA for Assistance Today!

To learn more about how your company can leverage these opportunities for business growth and economic development, contact our team of experts. We are here to guide you through every step of the process, ensuring your business reaches new heights in New Mexico. Don’t miss out on this chance to be part of a thriving business ecosystem.

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