How Can the Ohio Incumbent Workforce Training Voucher Program Work for Your Business?

Joe Popp | May 17th, 2013

It’s almost half way through the year. When thinking about your employees, how have you helped them develop professionally during the past few months?  Investing in your people pays off. It helps them, helps you, and helps your customers. But, it’s expensive and time consuming – training is one of those things that always seem to get pushed until tomorrow. But now the state of Ohio is taking away one of your excuses – it’s picking up part of the tab.

Ohio Incumbent Workforce Training

The Ohio Incumbent Workforce Training Voucher Program is offering to pay half of the cost of qualified training programs for Ohio businesses. The program provides up to $4,000 per employee per year to companies in the following industries:

  • Advanced Manufacturing
  • Aerospace and Aviation
  • Automotive
  • BioHealth
  • Corporate Headquarters
  • Energy
  • Financial Services
  • Food Processing
  • Information Technology and Services

Who Can Participate?

Employees who are Ohio residents, over age 18, work more than 25 hours per week, earn more than 150 percent of the federal poverty level and work in any one of the following functions qualify:

  • Production
  • Back Office Operations
  • Information Technology
  • Logistics
  • Research and Development

What Qualifies?

So, the state pays for up to 50 percent of the training cost, but what about the other half?  Either you or your employee can pay for it – this gives you and your employees flexibility to put together a training program that fits both of your needs.

Not every kind of training qualifies. Because this program is being offered as part of a workforce development effort, it funds only certification or skills-based training. What qualifies? Anything from Lean efficiency training, upgraded computer skills, or training towards an industry certification. Basically, something that you’d put on a resume!  What doesn’t qualify?  Trainings that are already being reimbursed by another agency, are required to maintain professional certification, or teach soft-skills like management or sales, among other restrictions.

Ohio Incumbent Workforce Training Voucher Program Help

Need help with your application? Contact Rea & Associates. Our Ohio tax professionals will help you gather the information and complete your Ohio Incumbent Workforce Training Voucher Program application. Don’t leave money on the table – contact Rea now to make sure you are ready for the application frenzy that is soon to come!

 

Related Articles

Share Button

Tags: , , , ,


Leave a Reply