Offset Your Training Costs– Funds Available

Invista Performance Solutions (IPS) is a local collaboration of community and technical colleges in Pierce County whose mission is to provide customized training and development programs to serve the needs of WA State employers. Our vision is to be a valued asset to organizations in our community, empowering their workforce to achieve its potential.

One of the many benefits of working with IPS is our ability to access and coordinate State of WA grants for training programs on behalf of companies. Here are two different programs for your business to offset training and development costs by working with us and the State Board of Community and Technical Colleges.

 

JOB SKILLS PROGRAM

http://www.sbctc.edu/for-employers/job-skills.aspx

What is the Job Skills Program? Washington’s Job Skills Program (JSP) is training customized to meet employers’ specific needs. Training is delivered to new or current employees at the work site or in a classroom.

What is the Purpose? JSP training is a tool for enhancing the growth of Washington’s economy and increasing employment opportunities. JSP provides funding for training in regions with high unemployment rates and high levels of poverty. It also supports areas with new and growing industries; locations where the local population does not have the skills needed to stay employed; and those regions impacted by economic changes that cause large-scale job loss. A central focus of JSP is to provide training and employment for those at risk of losing their jobs due to technological or economic changes.

Who Can Apply? JSP awards grants to licensed educational institutions in Washington. JSP funds half of the training cost; partner employers provide a cash or in-kind match to fund the other half.

Business partners must be a private corporation, institution, firm, person, group or association concerned with commerce, trade, manufacturing or the provision of services within Washington; or a public or nonprofit hospital licensed by the Department of Social Services (DSHS).

Non-profit organizations meeting the description above are eligible. Government and municipal agencies including tribal governments are not eligible.

 

CUSTOMIZED TRAINING PROGRAM

http://www.sbctc.edu/for-employers/customized-training.aspx

What is the Customized Training Program? The Washington Customized Training Program (CTP) was created by the State Legislature to provide training assistance to businesses that provide employment opportunities in
Washington.

Training is provided by community, technical or private career colleges and can include
formal training in:
– Basic education and skills
– English language for non-native speakers
– Technical skills and job-related instruction
– Skills assessment and evaluation
– Training equipment, materials, facilities and supplies.

How Does the Customized Training Program Work? Under the Customized Training Program, the State Board for Community and Technical Colleges (SBCTC) pays the costs up front for customized training. After training is completed the business repays the costs to the SBCTC interest free. The first payment will be equal to 25% of the full cost of the training program and is due upon completion of the training. The remaining 75% is spread over the next 18 months. As each payment is made the business may take a state B&O tax credit equal to 50% of the payment. Thus, the total tax credit will be equal to 50% of the full cost of the training program.

What is the Purpose? CTP training is a tool for enhancing the growth of Washington’s economy, increasing employment opportunities and adding to the state’s quality of life.

 

For more information about either of these funding opportunities visit our Resource page and please contact:

Don Sosnowski, Executive Director
dsosnowski@invistaperforms.org
253-583-8860

 

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