Ohio has formally announced a new simplified training program seeking to enhance the technology skillsets of Ohio’s workers.
The program, TechCred Training Reimbursement Program (“TechCred”), is offering a cash reimbursement to employers for the cost of employee training related to technology up to $2,000 per employee and $30,000 per employer. Eligible training can include existing training programs.
This time-sensitive program application opens October 1, 2019, and funding will be based on a competitively scored application.
“No matter your industry, technology is having an impact on your business and the nature of your work,” Lt. Governor Jon Husted said in a prepared statement. “TechCred links businesses with the talent they need and provides a path for employees to advance their career. It is a win-win for Ohio.”
Clark Schaefer Hackett’s State & Local Tax Group and our Credits & Incentives Team have years of experience in streamlining identification of eligible training activities, application, and compliance process related to grants such as TechCred.
Contact us to learn more or reach out to the Chair of our State & Local Tax Group, Phil Hurak.
