The New Mexico Economic Development Department (EDD) has announced its latest round of Job Training Incentive Program (JTIP) funding, approving $1.6 million to assist nine companies in training up to 119 employees and supporting workforce development across the state. Among the recipients, Franklin Mountain Packaging in Santa Teresa stands out, securing $701,117 to train 63 workers at an average wage of $20 per hour.
Investing in Workforce Development
The JTIP program plays a crucial role in enhancing New Mexico’s workforce by reimbursing companies for a portion of their training costs. Through this initiative, Franklin Mountain Packaging can provide its employees with specialized skills, ensuring they are well-equipped to contribute to the company’s continued growth and success.
“Our state is fast becoming a hub for sustainable energy and advanced technology, which will propel economic growth and create high-paying jobs for years to come,” said EDD Cabinet Secretary Rob Black. Franklin Mountain Packaging’s expansion aligns with this vision, bringing high-quality jobs to the region and reinforcing Santa Teresa’s position as a manufacturing and logistics powerhouse.
Franklin Mountain Packaging: A Pillar of Economic Growth
Franklin Mountain Packaging is a leader in corrugated box manufacturing, designing custom packaging solutions for businesses across various industries. The company specializes in high-quality, sustainable packaging, providing tailored solutions that protect products while meeting brand and environmental standards.
Since its establishment in the Borderplex, Franklin Mountain Packaging has significantly contributed to the New Mexico Borderplex economy. By leveraging advanced manufacturing technologies, the company has improved efficiency, reduced waste, and increased production capacity. These advancements not only support local businesses that rely on high-quality packaging but also attract further investment to the region.
MVEDA’s Role in Supporting Expansion
The Mesilla Valley Economic Development Alliance (MVEDA) has been instrumental in assisting Franklin Mountain Packaging’s expansion and workforce development efforts. Through strategic partnerships, business development initiatives, and advocacy for economic incentives, MVEDA has helped facilitate a conducive business environment for manufacturers like Franklin Mountain Packaging.
MVEDA’s ongoing support ensures that companies in the New Mexico Borderplex can access critical resources, from site selection assistance to workforce training programs like JTIP. By fostering a strong economic ecosystem, MVEDA continues to drive sustainable job creation and long-term growth in the region.
A Promising Future for the New Mexico Borderplex
With Franklin Mountain Packaging’s latest JTIP award, the company is poised to further solidify its impact on the local economy. The investment in workforce training underscores the commitment to building a skilled labor force, strengthening Santa Teresa’s manufacturing sector, and positioning the New Mexico Borderplex as a hub for industrial innovation.
As Franklin Mountain Packaging grows, so too does the economic vitality of the region, proving that strategic investments in workforce development yield long-term benefits for businesses, workers, and the broader community.
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Are you looking to expand or relocate your business in the New Mexico Borderplex? MVEDA offers expert insights and economic analysis to help you make informed decisions. Contact us today for your free economic analysis and discover the benefits of doing business in this thriving region.
