Solaro Energy will soon be leaving California for New Mexico. According to Albuquerque Business First, Governor Susana Martinez announced that the solar energy company will be relocating to Socorro, New Mexico. Solaro has leased a 12,000 square-foot space in the Socorro Industrial Park where it plans to build at least three new facilities.
The news source also reports that the company plans to apply for funding from the Job Training Incentive Program (JTIP). JTIP reimburses businesses that have recently moved to New Mexico for the costs of training new employees. The grant lasts for approximately six months and covers 40 to 75 percent of wages for new workers.
Moving out of state to take advantage of programs like JTIP can be extremely beneficial for growing businesses. The overhead expenses of finding and training new employees can prevent many enterprises from expanding into new markets and developing new services.
Stevens Worldwide Van Lines can help growing companies quickly relocate to new locations to capitalize on state funding initiatives. Nationwide movers pack and transport every piece of equipment so that managers and owners can focus on their expansion goals and finding the best candidates for open positions.