The Ohio Incumbent Workforce Training Voucher Program works to fill a gap in current workforce development programs by providing training dollars to Ohio’s workforce through a unique public-private partnership. The ultimate goal of this program is to allow employers to retain and grow their existing Ohio workforce while also creating a statewide workforce that can meet the present and future demands of an ever-changing economy.
New Ohio Incumbent Workforce Training Program
The program is designed to offset a portion of the employer’s costs to upgrade the skills of its workforce and will provide reimbursement to eligible employers for specific training costs accrued during training. The program’s funding will be used in conjunction with private contributions to fund skill-upgrade training. Eligible employers must demonstrate that by receiving funding assistance through the program, their business will not only obtain a skilled workforce, but will improve their company processes and competitiveness.
The State will reimburse the employer for up to 50 percent of the cost of the training (up to $4,000 per employee and/or up to $250,000 per company) once the employer pays the full cost of the training. The employer’s contribution must come from private sources and cannot include any previously acquired public funds. An eligible employer is one who operates as a for-profit entity in a state-designated targeted industry, with a facility located in Ohio that has been in continuous operation for the 12 months immediately prior to the application submittal. Targeted industries are: Advanced Manufacturing, Aerospace and Aviation, Automotive, BioHealth, Corporate Headquarters, Energy, Financial Services, Food Processing, Information Technology and Services, Polymers and Chemicals, Back Office, Logistics, or Research and Development.
Please note that these funds are available on a first-come, first-serve basis, so time is of the essence!
For more information on The Ohio Incumbent Workforce Training Voucher Program and to find out if you qualify, click here to contact me.