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Study: Half of New Mexico job training grants fall short

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ANTA FE, N.M. (AP) — A new study shows that taxpayer-funded incentives aimed at expanding private employment and investments in New Mexico sometimes create fewer high-quality jobs than projected and that money is not consistently clawed back for unfulfilled promises. The report Monday from the budget and accountability office of the Legislature gauges the effectiveness of state incentives that underwrite job training, as well as infrastructure investments for businesses that expand locally or relocate to New Mexico. State lawmakers have approved about $350 million in funding to the two incentive programs since 2016. Businesses have not grown as much as projected for about half of the job-training grants and one-third of the infrastructure grants.