UbiQD is featured as one of 15 companies supported in August by the Job Training Incentive Program (JTIP). The JTIP Board approved $2 million in support of 457 new jobs to be created in New Mexico.
This funding supports new jobs at UbiQD, Inc., in Los Alamos as well as at 14 other companies in Albuquerque, Truth or Consequences, Corrales and Santa Fe. The other companies approved for August 2020 JTIP funding include 3D Glass Inc., Advanced Manufactured Power Solutions (AMPS), Automotive Test Solutions, Inc. (ATS), ATS Chemical, LLC, Build With Robots, LLC (BWR), Carenet Healthcare Services, Ex Novo Brewing Company, Indica Labs, Inc., Marlowe Companies, Inc (DBA Mass Markets NM), New Mexico Build, LLC, OpenEye Scientific Software, Inc., SpinLaunch, Inc., Twistle, Inc., and The Verdes Foundation.
At UbiQD, this funding will be used to hire 5 new employees with an average wage of $35.31.
What is JTIP funding exactly? Businesses that are expanding or relocating can use JTIP funds for on-the -job training for brand new jobs. JTIP reimburses 50-75% of employee wages allowing companies to more easily train new employees and these funds can be used for up to 6 months. The hope is that JTIP funds encourage companies to relocate or expand in New Mexico, benefiting the state.
UbiQD manufactures high-performance cadmium-free quantum dots, which are known for their ability to convert one color of light into another. UbiGro®, is the company’s commercial product which is a layer of film that can be used in a greenhouse or as a window covering. It helps plants grow faster and with a higher yield, by using fluorescence to create a more optimal light spectrum for crops. To do this, UbiGro® converts the under-utilized portions of sunlight to more photosynthetically efficient orange light. To learn more about UbiQD visit https://www.ubiqd.com.
UbiQD received support and incubated at the New Mexico Consortium laboratory facilities before moving to their own laboratory and office building in Los Alamos, NM.
To read the entire LA Daily Post article see: NMEDD: August JTIP Funds Support 457 New Jobs