New Mexico Administrative Code › Title 5 - POST-SECONDARY EDUCATION › Chapter 5 - POST-SECONDARY EDUCATIONAL PROGRAMS › Part 50 - INDUSTRIAL DEVELOPMENT TRAINING PROGRAM › Section 5.5.50.15 - GLOSSARY

Current through Register Vol. 35, No. 13, July 16, 2024
A.
Apprentice:
Individual who has participated in a work-based
				training program through the NM Department of Workforce Solutions with the JTIP
				company.
B.
Agriculture
				(traditional)/mining/extractive industries:
Companies classified in
				agriculture, mining, and extractive by the North American industry
				classification system (NAICS) are not eligible for JTIP.
C.
Company:
A company is a
				corporation, or less commonly, an association partnership or union that carries
				on a commercial or industrial enterprise. Generally, a company may be a
				corporation, partnership, association, joint-stock company, or organized group
				of persons, whether incorporated or not, and (in an official capacity), legally
				recognized organizational entity designed to provide goods or services to
				consumers or corporate entities such as governments, charities, or other
				businesses.
D.
Distribution:
A distributor is the middleman between the
				manufacturer and the retailers. After a product is manufactured, it may be
				warehoused or shipped to the next echelon in the supply chain, typically either
				a distributor, retailer or customer.
E.
Economically distressed
				areas:
Companies located in an economically distressed area in New
				Mexico are eligible for seventy-five percent reimbursement. To receive a
				seventy-five percent reimbursement, a company must be located in a county with
				an unemployment rate significantly higher than the state unemployment rate.
				However, the JTIP board may entertain an exception to this policy when a
				company is located in a community experiencing a combination of other
				distressed economic conditions such as recent significant job losses due to
				business closures or down-sizing, a decline in population, loss of gross
				receipts or other factors.
F.
Expanding company:
An expanding company is an existing business
				which requires additional employees or workforce due to a market or product
				expansion. A company which buys out an existing company is not considered a new
				company. Eligibility as an expanding company is determined by average
				employment over the two prior years. (Refer to "peak employment.")
G.
Film and multimedia post
				production:
Film digital production and post-production companies are
				considered manufacturing provided the company operates year round and is
				primarily engaged in any of the following: animation, editing, foley recording,
				automatic dialogue replacement, sound editing, special effects (including
				computer generated imagery or other effects), scoring, and music editing,
				beginning and end credits, negative cutting, soundtrack production, dubbing,
				subtitling, or addition of sound or visual effects. Production jobs must be
				full-time and qualifying trainees must be employed year-round. Position must
				not require trainee to complete product on filming location. Trainee may not be
				directly employed by the client company at any time.
H.
Frontier:
A frontier area is
				any community with a population of less than 15,000 based on the most recent
				decennial census and outside a designated MSA.
I.
Green industries:
Those that
				exist for the sole purpose of contributing directly to preserving or enhancing
				environmental quality by reducing waste and pollution or by producing
				sustainable products using sustainable processes and materials. Green
				industries may include: energy system retrofits to increase energy efficiency
				and conservation; production and distribution of biofuels and vehicle retrofits
				for biofuels; building design and construction that meet the equivalent of best
				available technology in energy and environmental design standards; organic and
				community food production; manufacture of products from non-toxic,
				environmentally certified or recycled materials; manufacture and production of
				sustainable technologies, including solar panels, wind turbines and fuel cells;
				solar technology installation and maintenance; recycling, green composting and
				large-scale reuse of construction and demolition materials and debris; and
				water system retrofits to increase water efficiency and conservation.
J.
High wage job tax credit:
The
				high wage job tax credit provides a tax credit of ten percent of the wages and
				benefits paid for each new economic-based job created on or after July 1, 2015,
				not to exceed $12,000 per year per job. Qualified jobs must pay at least
				$40,000 per year in a community with a population of less than 60,000 and
				$60,000 per year in a community with a population of 60,000 or more. Eligible
				jobs must also be occupied for at least 48 weeks by the employee.
K.
Independent Human Resource Support
				Services:
Are third-party services other than staffing agencies and
				professional employment agencies (PEO's), used by businesses to compliment
				existing HR processes or to fill the gap when business completely lacks HR
				personnel or capabilities. HR support services include recruiting and retention
				strategies, interviewing effectiveness training, job description and training
				plan development, skills assessment tools, salary benchmarking, fostering
				company culture as well as organizational and employee data management, and
				activities in learning and development.
L.
Intern:
A student or recent
				graduate (within one year) of an academic or training program who works at a
				trade or occupation in order to gain work experience.
M.
Manufacturing:
Manufacturing
				includes all intermediate processes required for the production and integration
				of a product's components. Industrial production in which raw materials are
				transformed into finished goods on a large scale is one example. Assembly and
				installation on the premises of the customer is not included as manufacturing.
				Manufacturing businesses are typically included in Sectors 31-33 of NAICS.
				Manufacturing is defined in Subsection E of Section
				7-4-10 NMSA 1978 as "combining or
				processing components or materials to increase their value for sale in the
				ordinary course of business but does not include:
(1) construction;
(2) farming;
(3) power generation, except for electricity
				generation at a facility other than one for which both location approval and a
				certificate of convenience and necessity are required prior to commencing
				construction or operation of the facility, pursuant to the Public Utility Act
				and the Electric Utility Industry Restructuring Act of 1999; or
(4) processing natural resources, including
				hydrocarbons."