Training Incentives
Click for more information on Ohio TechCred.
|
Click to learn more about Ohio Manufacturing Solutions by Fastlane.
|
Ohio Incumbent Worker Training
The Ohio Incumbent Workforce Training Voucher Program fills a gap in current workforce development programs by providing need training funds to Ohio's incumbent workforce through a unique public/private partnership. The goal 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. The Program is a reimbursement based grant that offsets employer costs associated with upgrading the skills of their incumbent workforce.
On-the-Job Training
On-the-Job Training is a federally funded program that helps employers hire and train individuals for long-term employment. This is an opportunity for an employer to work with his or her local OhioMeansJobs Center to recruit, pre-screen and hire new employees, and to train them in specific skills. The employer is reimbursed for the costs of training, up to 50 percent of trainees' wages during training period.
Work Opportunity Tax Credit
This program gives eligible Ohio employers a federal tax credit for hiring individuals from nine target groups of disadvantaged job seekers. Depending on the target group and duration of employment, tax credits can range from $1,200 to $9,600 per eligible employee.
JobsOhio Workforce Grant
The JobsOhio Workforce Grant was created to promote economic development, business expansion, and job creation by providing funding for the improvement of worker skills and abilities in the State of Ohio. Grant decisions are based on a number of project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment, and project location.
The JobsOhio Workforce Grant focuses on a company’s training costs, which may include the following:
The Ohio Incumbent Workforce Training Voucher Program fills a gap in current workforce development programs by providing need training funds to Ohio's incumbent workforce through a unique public/private partnership. The goal 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. The Program is a reimbursement based grant that offsets employer costs associated with upgrading the skills of their incumbent workforce.
On-the-Job Training
On-the-Job Training is a federally funded program that helps employers hire and train individuals for long-term employment. This is an opportunity for an employer to work with his or her local OhioMeansJobs Center to recruit, pre-screen and hire new employees, and to train them in specific skills. The employer is reimbursed for the costs of training, up to 50 percent of trainees' wages during training period.
Work Opportunity Tax Credit
This program gives eligible Ohio employers a federal tax credit for hiring individuals from nine target groups of disadvantaged job seekers. Depending on the target group and duration of employment, tax credits can range from $1,200 to $9,600 per eligible employee.
- Reduce federal income tax liability by as much as $9,600 per veteran hired.
- There is no limit on the number of individuals an employer can hire to qualify to claim the tax credit.
- Certain tax-exempt organizations can take advantage of WOTC by receiving a credit against the employer’s share of Social Security taxes.
- Applications must be submitted to the Ohio WOTC Office within 28 days of the start to work date to meet the timely filing criteria. Don’t miss this tax credit by missing the deadline!
JobsOhio Workforce Grant
The JobsOhio Workforce Grant was created to promote economic development, business expansion, and job creation by providing funding for the improvement of worker skills and abilities in the State of Ohio. Grant decisions are based on a number of project factors, including but not limited to job creation, additional payroll, fixed-asset investment commitment, project return on investment, and project location.
The JobsOhio Workforce Grant focuses on a company’s training costs, which may include the following:
- Information technology
- Maintenance, skilled trades
- Leadership skills
- Product knowledge
- Quality management and processes
- Safety training (industry specific)
- Supervisory § Technical processes
- Technical training
- On-the-Job training
- Equipment
- Materials
- Travel costs (domestic and international)
