TechCred is back with some appealing changes

The Ohio program TechCred, which aims to improve the technology skillset of Ohio’s workers, has been expanded to adapt to the current needs of Ohio businesses and workers due to the Covid-19 pandemic.

Officially called the TechCred Training Reimbursement Program, it offers cash reimbursement to employers employee training costs related to technology, up to $2,000 per credential and $30,000 per employer. Existing training programs are eligible for reimbursement.

The intent of the program is to benefit both businesses and employees working in our tech-focused economy. The time-sensitive application is open until June 30, 2020. Funding will be based on a competitively scored application.

According to Lt. Governor Jon Husted, the following updates have been made to the TechCred program to help with the economic recovery:

  • To make TechCred more flexible for upskilling new hires, employers are no longer required to list employee names when applying. Instead, they will identify the number of current or prospective employees they plan to upskill.
  • To account for possible staffing changes, employers who were awarded TechCred reimbursements in October 2019, January 2020 and March 2020 may now substitute employees listed in their original application.
  • Employers awarded in October 2019 and January 2020, who had credential programs interrupted by the crisis, may request to extend their 18-month award eligibility timeline.
  • Employees can now earn multiple credentials during each application period.

Clark Schaefer Hackett’s State and Local Tax Group and our Credits and Incentives Team have years of experience in streamlining identification of eligible training activities, application and compliance processes related to grants like TechCred. Contact us to learn more.

 

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