Training Grants and Tax Incentives

The CBT program helps businesses meet the training needs of existing employees to maintain a competitive edge in the marketplace.

Benefits:

• Covers up to 50% of out-of-pocket costs
• Results in skills vital to the success of your business
• Training may be for a single employee or multiple employees and may be for up to 12 months
• Provides the ability for business to choose trainer/curriculum

Requirements:

• Businesses must be private/for-profit
• Employee candidate(s) must make less than $76,062 annually or $36.56 per hour

The OJT program is ideal for businesses with difficulty filling skilled labor force needs with qualified, experienced workers.

Benefits:

• Wage reimbursement up to $4,000 for up to six months
• Program may cover related costs, such as tools of the trade, uniforms and background checks
• Employees may qualify your business for tax credits

Requirements:

• Business must be private/for-profit
• Must have a minimum of three employees other than owners/principals
• Employees must be selected and qualified before training begins
• Candidate must have skills gap

These programs offer businesses the opportunity to try out potential employees at our cost, while providing needed experience to candidates lacking specific skills.

Benefits:

• Program is 12 weeks or 360 hours
• Training wages and Workers’ Compensation are 100% covered
• Interns are local graduates in a relevant field
• Career Experience candidates have desire to work in your selected industry
• You interview/select pre-screened candidates

Purpose: The Federal Bonding Program is an incentive program that allows businesses to minimize liability to their business by hiring at-risk applicants who may otherwise be an ideal fit and/or deserve a second chance. The program covers eligible existing employees to avoid layoff or to secure a promotion.

Coverage: Through a Federal Fidelity Bond, businesses are insured against any loss of money or property due to a bonded employee’s dishonesty (theft, forgery, larceny or embezzlement). This bond does not cover liability due to poor workmanship, job-related injuries or work accidents. Bonds are in units of $5,000 and provide coverage for a six-month period.

Qualifications: All businesses are eligible for bonding services. They can be issued as soon as the applicant has a job offer and a scheduled start date.

Purpose:

The Work Opportunity Tax Credit (WOTC) is a federal income tax credit for private, for-profit businesses that hire candidates who face significant barriers to employment. Eligible job seekers from among eight targeted groups include veterans, ex-felons, and SSI recipients.

Coverage:

Business can reduce taxes up to $9,600 over two years, depending on the qualified candidate.

Qualifications:

WOTC certification must be submitted within 28 days of the employee’s start date. There is no limit to the number of qualified employees for which a business may claim credit. To qualify, eligible workers must be employed for at least 120 hours.