JTIP Funds Approved for UbiQD in February
Job Training Funds Allow UbiQD to Hire and Train More New Mexico Workers
SANTA FE, N.M. – Job Training Incentive Program (JTIP) funds for February have been awarded to 11 companies in support of 61 new employees, 3 paid interns, and training for 38 incumbent workers, Economic Development Cabinet Secretary Alicia J. Keyes announced today.
The strength of JTIP is that it can be used by companies of different sizes across New Mexico, with rural/frontier businesses receiving a higher percentage of costs refunded, which infuses dollars into the economy where it is needed most. JTIP also offers a higher percentage award for companies offering high-wage jobs, encouraging growth in the sectors that will best offer the jobs of the future. The program also allows for companies to grow their number of employees incrementally, applying multiple times to continue growth at their own pace.
“Companies are utilizing JTIP as a way to keep expanding their employee base, even if they only need a few positions,” EDD Secretary Keyes said. “It’s heartening to know that JTIP helps businesses of all sizes in all parts of the state, assisting them so they can hire New Mexicans as they expand and create jobs.”
The total amount of funding for February 2022 is $972,037.41. Companies receiving JTIP this month include:
UbiQD, Inc., Los Alamos, 5 trainees. UbiQD is an advanced materials company that manufactures high-performance cadmium-free quantum dots and composite materials. Quantum dots are known for their near-perfect ability to convert one color of light into another. Their first commercial product, UbiGro®, is a luminescent layer of light that uses fluorescence to create a more optimal greenhouse spectrum for crops. The film shifts the colors of sunlight to make plants grow faster and improve crop yield. Avg Trainee Wage: $40.39. Total Award Amount: $116,776.
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