Don’t Give Up Yet!
Applications for Ohio’s Incumbent Workforce Training Voucher Program were accepted on Monday, January 7, 2013. By the end of the day, Ohio officials said they received applications with requests exceeding the $20 million allotted for fiscal 2013. Funds were awarded on a first-come, first-served basis, so if you weren’t one of the first, you might have missed out on this opportunity for your company. But don’t give up yet…
There will be another opportunity for you to secure your piece of the pie as a second round of applications, for fiscal 2014, will be accepted after June 30 for an additional $30 million. While the exact date that applications will be accepted are not yet known, we do know what the applications will look like, how the application process will work and what information you will need to have ready to submit your application.
Why wait? Begin pulling your information together now so that you will be ready the second time around.
The Ohio Incumbent Workforce Training Voucher Program at a Glance
The state will reimburse employers 50 percent of eligible training costs – up to $4,000 in reimbursement per employee. The funds are available first-come, first-served. A single business can request up to $500,000.
The program is limited to 10 categories:
- advanced manufacturing
- aerospace & aviation
- bio health
- corporate headquarters
- financial services
- food processing
- information technology
- polymers and chemicals
Workers must be in one of five business functions:
- back office operations
- information technology
- research & development
Some of the eligible training includes:
- classes at an accredited education institution
- training that leads to an industry recognized certificate
- training provided in conjunction with purchase of a new piece of equipment
- upgrading 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 associations that offers certified training and training for improved process efficiency (e.g. ISO-9000, Six Sigma or Lean Manufacturing).
For each training course, you will need to gather:
- location address
- full legal name of training provider
- address of training provider
- phone number of training provider
- type of training provider
- training location (address)
- course title
- course description
- date course begins
- date course ends
- total training hours
- training costs per employee
For each employee participating in training, you’ll need to provide:
- SSN (last four digits)
- date of birth
- work address
- work function
- current hourly wage rate
Don’t be too late this time around. There is no need to wait. Brainstorm now for qualifying training and begin gathering the necessary information for your application.
How Can Your Business Qualify from the Ohio Incumbent Workforce Training Voucher Program?
Missed out last time? Want to make sure your business gets its share of the second round of the stimulus? You’ve got to be an early bird to catch this worm. Applications will be accepted in June and the funds are expected to go quickly. Be ready for the deadline with the necessary training and employee information.
Need help with the application process? Contact Rea & Associates. Our Ohio tax services team will help you complete your second round Ohio Incumbent Workforce Training Voucher Program application. This program is great for your business, your employees and your state. A program this good is worth the prep work! But, remember, like last time, the funds are expected to go quickly, so contact us to get started on your application.
- Can I Get a Rebate for Training Through the Ohio Incumbent Workforce Training Voucher Program?
- Gaining Efficiencies in Service with Lean Six Sigma
- Is Your Business Suffering from Symptoms of Waste and Inefficiency?