By Damon Scott for Finance New Mexico
JTIP recipient Insight Lighting; photo Jane Phillips photography
The Job Training Incentive Program, the economic development tool better known as JTIP, is responsible for creating 10,000 New Mexico jobs since 2011, according to the New Mexico Economic Development Department (EDD).
Since 1972, JTIP has been providing incentives for qualifying employers who are expanding or relocating in the state. Incentives include money for on-the-job training for up to six months and reimbursement of up to 75 percent of an approved employee’s wages and training costs at an approved New Mexico public education institution. Continue reading
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Los Alamos National Laboratory’s Richard P. Feynman Center for Innovation (FCI) launched the Express Licensing program to fast-track the licensing of technologies and software with a simple online application. The application template standardizes licensing terms and makes it possible for LANL to share inventions on a broader scale without making potential partners and customers undergo exhaustive individualized negotiations.
Read more about the program:
The Garrity Group Public Relations is the firm that leading organizations turn to for critical opportunities and issues that impact their operations in New Mexico. Continue reading
Century Bank has served the New Mexico community since 1887. With its sight on expanded growth, both financially and Continue reading
Los Alamos National Bank was established in June 1963 by a group of local investors who saw the need for Continue reading
The New Mexico Municipal League is a nonprofit, nonpartisan association representing and serving Continue reading
By Carmen Martinez, director, Small Business Development Center at San Juan College
Business owners don’t need a degree in accounting, but they do need to know how to read basic financial statements and when to ask the accountants who prepare them to explain what they don’t understand.
No one wants to be like the business owner who believed she was making a profit because her checkbook had a positive balance. But even business owners who diligently record financial transactions using basic accounting software don’t always comprehend the reports their CPA generates based on these records.
That means they’re not using the expertise they pay for, and they’re not using the numbers as tools to build their business.
The three financial reports every business owner should understand are the profit and loss statement, the balance sheet and the cash flow statement. Continue reading
USDA Rural Development is an economic development agency of the federal government committed to helping improve Continue reading