Breaking News! Claim your share of $2.4M in grant funding to offset your company training costs through the Job Skills Program matching grant today! Recently, an additional $2.4M was appropriated in the supplemental budget for the State Board of Community and Technical Colleges in Washington State. This money was secured before the Covid-19 crisis and is available now. It is being awarded to companies who need customized training and development for their workers through your local community and technical colleges.
How does this work? Your company works directly with Invista Performance Solutions, a partnership of your local colleges and we bring out industry expert trainers and consultants to support you. We consult with you to identify your training needs and craft a training solution. Then we apply for the grant on your behalf and funding is released upon approval. This total amount of trainee payroll is the company match and is applied to the remaining cost of the training. If the wages and benefits match the cost of the training, then there is no additional cost to your company.
Businesses who have an annual gross revenue under $500K have an exemption to 100% matching requirements. It’s a great opportunity for a small business. The JSP program is a huge success for local businesses! During last fiscal year IPS secured over $800K in funding for 8 companies in Pierce County including Tool Gauge, GlobalTech Plastics, Celebrity Gourmet, Berry Global, Wilcox Farms, and Founder’s Choice and is providing training in subjects such as Lean Process Improvement, Sales, Respectful Communication, Leadership, Computer Skills, ESL, and Technical and Industrial skills, Marine Welding and Electrical, and more.
Grant applications are due by May 30th, 2020 for training beginning as early as July 1, 2020.
Another flexible program you can access is called the Customized Training Program where you receive a 50% rebate of the training costs for
the same topics as above in the form of a tax credit. Payments are spread out over 18 months interest free and you receive your B&O tax credit after every payment. Funding is available now on a first-come, first-served priority and can fund projects of up to $100K.