More than 80,000 Ohio employees have already been trained through the Ohio Incumbent Workforce Training Voucher Program and now the state is making a third round of funding available to businesses. This program will make $29.4 million available in Fiscal Year 2015 for employers to enhance the skills of their employees.
How to Qualify for Funding
The Ohio Development Services Agency will reimburse the employer for up to 50 percent of the eligible training costs, up to $4,000 per employee, after the following qualifications are met:
- The employer pays the full cost of the training;
- and the employee successfully completes the training. The maximum amount an employer may qualify for in a fiscal year is $250,000. The company must be in operation for at least 12 months in Ohio to participate.
A pre-application is now available beginning September 15, 2014 for businesses who want financial help to train their current workforce. $29.4 million in grants will be awarded on a first-come, first-served basis. To review the guidelines and application instructions for this program, click here.
Applications are accepted on a first come, first served basis by submitting the online application beginning on September 30, 2014 at 10:00 a.m.
For more information about the Ohio Incumbent Workforce Training Voucher Program, contact a Barnes Dennig representative today.