A few months ago, businesses across the state were racing to participate in the Ohio Incumbent Workforce Training Voucher Program. The program, which offered $20 million in cash to businesses that provide certain types of employee training, seemed almost too good to be true. It was true, but it was too good to last. The whole $20 million was initially claimed the first day of the program!
If you’ve got expensive training costs and didn’t get a piece of the $20 million last time, don’t fret. Ohio will be rolling out another round of the Ohio Incumbent Workforce Training Voucher Program – this time with a $30 million pie! This second round of the program will provide funds for trainings that will take place between July 1, 2013, and June 31, 2014. The official kick-off date for the applications has not yet been announced, but state officials hope to go live in May or June.
Like it did the last time around, this money is expected to go fast. If you want to secure some of the funding, start preparing your application data now. You’ll need to have this information prepared before the applications go live if you want a real chance of securing the credit. In order to apply for funding, you’ll need to have the following information for each of your proposed trainings:
- training date(s)
- location(s)
- title
- description
- attendees’ names
- last four digits of attendees’ social security numbers
Ohio businesses wishing to apply for the program will need to meet a number of criteria pertaining to their line of business, types of training to be offered and categories of employees to be trained. For information on the program’s specific qualifications, read our previous blog post, Can I Get a Rebate for Training Through the Ohio Incumbent Workforce Training Voucher Program?
Ohio Incumbent Workforce Training Voucher Program Help
Need help with your application? Contact Rea & Associates. Our Ohio tax professionals will help you gather the information and complete your Ohio Incumbent Workforce Training Voucher Program application. Don’t leave money on the table – contact Rea now to make sure you are ready for the application frenzy that is soon to come!
