Most all employers agree, better trained people make better employees. How do we as business owners ensure our employees are trained in the most important and up-to-date skills? Wouldn’t it be great if there were Employee Training Grants? The skills that allow our team members to do their jobs with more productivity and efficiency, ultimately, giving our companies an edge on the competition.
Believe it or not, your state Department of Labor wants to help. States all across the country have created training grants for businesses just like yours. Free money to help you defer the costs of training your current team in the skills they need to succeed.
Using Nebraska as an example, the state Department of Labor has created the Nebraska Worker Training Program. The NWTP is funded through interest raised on the monies that companies pay into the State Unemployed Insurance Trust, among other ways. The NWTP’s board statement of purpose states, “The availability of highly skilled, educated workforce is critical to the economic future of Nebraska’s employers and workers.” And, “Investment in public and private training, retraining and upgrading of existing Nebraska workers is essential…”
The granting process in Nebraska is relatively painless. There is a grant application that must be filled out, received and approved, prior to any training taking place. Some of the training dollars must be matched by the employer requesting the grant; however, the matching funds may be made in-kind. An in-kind match can be things like, employee salary dollars, consumable supplies used during the training, costs of the training space. Even the cost of new equipment needed for the training can be noted as in-kind contributions toward matching the grant funding.
The state puts money aside for small, medium, and large sized business. And Employee Training Grants are awarded every quarter, in the state of Nebraska. If you represent a small company, it may be wise to partner with other small businesses that are interested in the same types of training and write one grant application covering multiple businesses and multiple training topics.
Interested in learning more? Rule of Thumb and our author/consultants would be happy to provide training to your team members in any of our expert areas, as well as write the training grant applications with you. If you would like to be contacted, please click here and fill out the form, one of our representatives, will be in contact.
In Nebraska, the next granting period ends December 31st for training in the Winter quarter. So, there is still time to put together a training plan for your company. If you live outside of Nebraska, you may contact your state Department of Labor for more information about their employee training programs. Or, contact Rule of Thumb, we’d be happy to do the leg work on your behalf