Jobs Program Pays Off for New Mexico and Local Businesses

Summary


A Santa Fe company received more than $128,000 from the state recently to help train five new employees in the fields of pharmaceutical data mining and finance.

The Economic Development Department's Job Training Incentive Program allowed CommodiCast to generate more than $2 million in new contracts in the pharmaceutical industry.

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Extract


Jobs Program Pays Off for New Mexico and Local Businesses

Kelly Myers, CEO of the local informatics company, said the revenues will result in more than $200,000 in state income tax and gross-receipts tax.

Informatics involves developing computer software to glean useful information from massive amounts of raw data.

The state established its $18 million job-trainin...

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