Pre-Apply Now for New Ohio Workforce Training Funds – September 23, 2013 by Tracy Monroe

Full application process begins September 30th

In an effort to help employers retain their workforce and remain competitive, the state has announced that at 10 a.m. on September 30th it will offer a second round of funding for its Incumbent Workforce Training Voucher Program. The program will offer eligible Ohio employers $27 million in total, a $7 million increase from the first round offered earlier this year.

The program will reimburse for-profit businesses up to 50% of training costs (up to $4,000/employee and $250,000/per company) for certain types of employee training — including various HR certifications, ICD-10 training, tuition costs and other training that leads to an industry credential or occupational license. Training must be conducted from July 1, 2013, through June 30, 2014, and must be within certain industries, such as advanced manufacturing, automotive, financial services and information technology, to name a few.

The pre-application process is now open. Determine your training schedule and needs from now through June of next year, including what types of training you will send employees to, which employees will go, and dates and specific trainer information, then fill out as much information as possible on the pre-application form prior to September 30th, as funds could go fast.

For more details on the program, contact Tracy Monroe at tmonroe@cohencpa.com.

This communication is for information only, and any action should only be taken after a detailed review of the specific situation and appropriate consultation.

Notwithstanding that these materials do not constitute legal, accounting or other professional advice, as may be required by United States Treasury Regulations and IRS Circular 230, you should be advised that these materials are not intended or written to be used, and cannot be used by you or any other person, for the purpose of avoiding penalties that may be imposed under federal tax laws. No written statement contained in these materials may be used by any person to support the promotion or marketing of or to recommend any federal tax transaction(s) or matter(s) addressed in these materials, and any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor with respect to any such federal tax transaction matter.