The New Mexico Economic Development Department, City of Las Cruces Economic Development Department, and Mesilla Valley Economic Development Alliance (MVEDA) worked collaboratively with Electronic Caregiver to foster the expansion. The funding has been approved by the state’s JTIP Board.
The company will receive $135,000 in WagePlus funding from the City of Las Cruces and $100,000 in El Paso Electric funds through MVEDA. The expansion for Electronic Caregiver, 506 S. Main St.,, Suite 1000 would almost double the number of employees at its business. The company currently has 150 full-time employees, according to its website.
“We are really excited for what this expansion means for the community,” said Assistant City Manager Ikani Taumoepeau. “The City is committed to economic development prosperity and cannot wait to have 120 more skilled jobs in Las Cruces. Not only do we love to see a local business grow, but we are happy about the group effort with our partners to provide financial assistance in this endeavor.”
The state of New Mexico’s JTIP can reimburse companies for a portion of training costs for above-average wage positions. WagePlus is a supplement to the state’s JTIP program.
WagePlus rewards businesses for hiring and paying higher than median wages. The program provides a $1,500 per job reimbursement for qualifying companies that hire and train new employees for jobs paying at least 10 percent more than Doña Ana County’s median wage.
To qualify for participation in WagePlus, a company must manufacture a product, export non-retail services from New Mexico, or meet state green industry standards. The company also must successfully complete the Job Incentive Training Program.
The New Mexico Economic Development Fund was established by El Paso Electric in connection with the corporate sale of the Utility to Infrastructure Investments Fund (IIF) to provide $1 million per year for 20 years in support of private businesses, projects and organizations that make or will make a measurable difference in achieving economic growth and development, expanding and diversifying the tax base, creating new quality jobs, and increasing the economic base within El Paso Electric’s New Mexico service territory. The Fund is administered by MVEDA and the Community Foundation of Southern New Mexico.
Electronic Caregiver, founded in 2009, is focused on developing and participating in research efforts that support improved outcomes across the healthcare continuum. A significant goal for Electronic Caregiver is to improve the way care and support is delivered and managed for patients – from children to adults, and especially an underserved and rapidly expanding aging population.