October 04, 2016
Workforce training funds available
A robust, motivated, well-educated, and highly trained workforce is critical for the retention and expansion of all businesses in Ohio. In their efforts to improve their economic competitiveness, employers must find ways to consistently upgrade the skills of their workforce through educational and training opportunities. To this end, the Ohio Incumbent Workforce Training Voucher Program will fill a gap in current workforce development programs by providing needed training dollars to Ohio's incumbent workforce through a unique public-private partnership. The ultimate goal of this program is twofold: allow employers to retain and grow their existing Ohio workforce and create a statewide workforce that can meet the present and future demands in an ever changing economy.
Thousands of Ohio employees have received training to advance their career through the Ohio Incumbent Workforce Training Voucher Program, and now that number will increase because round five is rapidly approaching.
“It’s important that Ohio’s workforce keeps current,” said David Goodman, director of the Ohio Development Services Agency. “This training ensures employees stay ahead of the game, keeping Ohio competitive.”
Training in the following high-demand fields is eligible: Advanced Manufacturing, Aerospace and Aviation, Automotive Manufacturing, Automotive Technicians, BioHealth, Corporate Headquarters, Energy, Financial Services, Food Processing, Information Technology and Services, Polymers and Chemicals, Logistics, or Research and Development. Training opportunities include, but are not limited to, operational skills training, certification processes and equipment training. Training can occur at the employer’s facility, the provider’s training facility or at a third-party site. Click here for eligible NAICS codes
The Ohio Development Services Agency reimburses the employer for up to 50 percent of the eligible training costs, up to $4,000 per employee, after 1) the employer pays the full cost of the training, and 2) the employee successfully completes the training. The maximum amount an employer may qualify for in a Fiscal Year is $75,000. The company must be in operation for at least 12 months in Ohio to participate.
Eligible businesses can begin the online application process on September 26, 2016 and will have three weeks to gather the necessary information to complete their application. The online applications will be accepted on a first- come, first- served basis and can be submitted beginning at 10:00 a.m. on October 14, 2016. This is a highly competitive process, and funds have historically gone within minutes of the submission time.
Click here for more information and FAQs about the Ohio Incumbent Workforce Training Voucher Program.