Vitality Works Expands Manufacturing in Albuquerque, New Mexico
Since 2014, the company has used JTIP to create 76 new jobs and will utilize the program to ramp up growth during the current expansion.
"Thanks to New Mexico's great workforce and improved business environment, we're in a position to continue our growth and create more jobs," said Mitch Coven, CEO of Vitality Works. "Without the help of LEDA, JTIP and the New Markets Tax Credit, an expansion of this scale would not be possible."
New Mexico will provide up to $550,000 for the expansion through the state's closing fund, known as LEDA. Bernalillo County will act as the fiscal agent for the LEDA award. LEDA helps recruit new businesses to our state while helping those that are already here grow and thrive. Nearly zeroed out when Governor Martinez took office, she fought to grow this important tool to more than $56 million.
Vitality Works' expansion will be supported by New Mexico's closing fund, LEDA, as well as the Job Training Incentive Program as an incentive.
"I will continue fighting for the bold reforms and critical tools that have made New Mexico a great place to do business," said Governor Susana Martinez. "We're seeing the results of our hard work - companies like Vitality Works are staying and growing in New Mexico, while we're attracting companies like Facebook. Let's keep up the momentum."
"This expansion is another big step forward in growing and diversifying our private sector economy," said Economic Development Cabinet Secretary Matt Geisel. "Our commitment to helping New Mexico companies, like Vitality Works, grow and thrive is helping us create more jobs.
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