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What you need to know about the Ohio Incumbent Training Grant

December 17, 2012

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UPDATE:

The online application to apply for the grant will be released on Monday, January 7 at 10 a.m.

State provided information:

Link to the application screen shot

Link to the definitions

Link to the FAQs and main link to the site discussing the Grant program

 

ORIGINAL article:

Ohio will soon initiate a new training assistance program to help Ohio companies offset the cost of training existing employees. This is an opportunity to help offset the costs of training employees for new tasks and increased performance.

The state has dedicated $50 million to fund the program which will reimburse training costs of up to 50 percent of qualifying training activities for any training scheduled to take place prior to June 30, 2013.

Reimbursements will be up to $4,000 per eligible employee; total reimbursement will be capped at $500,000 per company.

Qualifying training activities eligible for reimbursement include:

•    Classes, either non-credit or credit, at an accredited education institution;
•    Training that leads to an industry recognized certificate;
•    Training provided in conjunction with the purchase of a new piece of equipment;
•    Upgrade of computer skills (e.g. Excel, Access);
•    Training for the ICD-10-CM/PCS diagnostics classification system;
•    Training from a national, regional, or state trade association that offers an independently certified training curriculum and testing; and
•    Training for improved process efficiency (e.g., ISO-9000, Six Sigma or Lean Manufacturing).

The program was recently formally announced; we expect the online application process to begin sometime soon. The application process will be handled on a first come-first served basis and will continue until the state allocated funds are exhausted. Because demand will be high, companies are encouraged to compile needed information ahead of time to facilitate quick completion of the online application once the application process opens.

This program represents a significant opportunity for companies that will incur training expenses.

Related information:

Ohio Incumbent Workforce Training Voucher Program – Draft Outline from State

Additional article: Understanding the Consumer’s Use Tax Amnesty Program

For more information contact William Hallmark at 937.399.2000 or at [email protected] or Diane Merk at 513.241.3111 or at [email protected]

All content provided in this article is for informational purposes only. Matters discussed in this article are subject to change. For up-to-date information on this subject please contact a Clark Schaefer Hackett professional. Clark Schaefer Hackett will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site.

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