The following is a description of employment training programs which may be of value to your company:
Job Training Partnership Act Programs (JTPA)
JTPA programs offer financial incentives to employers for hiring and training low-income and unemployed people. The programs are federally funded and locally planned and operated.
Funds are available to pay for specialized classroom training of the employer's choice or to reimburse an employer up to 50% of wages paid for a specified period, up to six months, of on-the-job training.
Besides customized classroom and on-the-job training, the Job Training Partnership Act offers a variety of other services, including vocational evaluation and assessment.
Work Opportunity Tax Credit
Targeted Jobs Tax Credit provides an incentive to employers to hire persons from targeted groups that have a particularly high unemployment rate or other special employment needs. There is no limit on the number of eligible people who may be hired or on the number of times an employer may claim the tax credit.
Employers receive a federal tax credit of as much $2,400 for each new adult hire; $1,200 for each new summer youth hire; and $9,000 for each new long-term family assistance recipient hired over a two-year period.
Provides State grants to educational institutions for the development of training programs that meet specific business needs. To act as a catalyst between business and education in developing cooperative training projects that provide training for new jobs or retrain existing employees. Grants are awarded to educational institutions with businesses as partners. Funds may be used for educational infrastructure improvements necessary to support businesses located or intending to locate in Minnesota.
1 to 3 years
Eligibility / Requirements
Up to $400,000
All projects must have at least one educational institution and one business working together. Costs are paid on a reimbursement basis.