Workforce Training Money Available
More than 80,000 Ohio employees have already been trained through the Ohio Incumbent Workforce Training Voucher Program and now the state is making a third round of funding available to businesses. This program will make $29.4 million available in Fiscal Year 2015 for employers to enhance the skills of their employees.
The Ohio Development Services Agency will reimburse the employer for up to 50 percent of the eligible training costs, up to $4,000 per employee, after 1) the employer pays the full cost of the training, and 2) the employee successfully completes the training. The maximum amount an employer may qualify for in a fiscal year is $250,000. The company must be in operation for at least 12 months in Ohio to participate.
A pre-application is now available beginning September 15, 2014 for businesses who want financial help to train their current workforce. Applications for the grant program will be accepted for review on September 30, 2014 beginning at 10:00 a.m.
For more information about the Ohio Incumbent Workforce Training Voucher Program visit http://development.ohio.gov/bs/bs_wtvp.htm.
For additional assistance, contact Shannon Vanderpool at (614) 644-8560 or Shannon.Vanderpool@development.ohio.gov, Jennifer Spohr at (614) 466-4184 or Jennifer.Spohr@development.ohio.gov, or Julia Hinten at (614) 728-4878 or Julia.Hinten@development.ohio.gov.
Please note that we have made some positive changes to this year’s application:
· Eligible NAICS codes are being provided for potential applicants to verify eligibility before applying.
· Names of individuals being trained along with the last four digits of their SSN, date of birth, and verification of wages are no longer being collected in the application. Rather, they are collected at the time of the reimbursement request. This will make the application process less tedious and reduce the number of amendments being requested.
· The Window of training has been extended from 11 months to 17 months (August 1, 2014 – December 31, 2015).