Funding for Worker Training & Tax Credits
Training Grants
The Workforce Training Fund provides up to $250,000 in resources to Massachusetts businesses to train current and newly hired employees.
The Workforce Training Fund Express is targeted to small employers — with 50 employees or less — and labor organizations. Applicants must choose a training course or program from a pre-approved training directory. Applications may be submitted online at any time. Employer must pay at least 50% of the training request. Total grant request cannot exceed $30,000 per company for a 2-year period; $3,000 per course per trainee.
The WTF Hiring Incentive Training Grant Program is open to all employers. It provides training grants of up to $2,000 per employee and up to $30,000 a year per company. This program assists in paying training costs for newly hired employees who have been unemployed over a year and those that do not have a call back date from their last employer.
All three above are managed at the state level. The REB also has funds locally for employer-reimbursed On-the-Job Training of newly hired workers. For more information, see brochure to right and contact David M. Cruise at 413-755-1362 or email him at dcruise@rebhc.org.
Industry Initiative Funding
The Commonwealth Corporation oversees state-funded industry sector training fund initiatves such as those funded from the MA Workforce Competitiveness Trust Fund, or the Extended Care Career Ladder Initiaties. RFPs are issued from time to time and you can check on those from their website http://www.commcorp.org/.
Tax Credits
Your business can qualify for Federal tax credits when you hire certain workers. You can find out more about the various tax credit initiatives at the following web site:
http://www.doleta.gov/business/Incentives/opptax/
For more information on any of the above, send an e-mail to Larry Martin or call him at the REB at 413-755-1361.