AZ State Training Grants on Temporary Hold

By John Riley

MPj04387460000[1] Up grading personnel skills should be among the top priorities of business managers if companies are to weather the significant structural and economic changes brought about by the near financial collapse. Intellectual skills have always been the ‘coin of the relm’ but never as important as they are today.
And the training should start now. But with the squeeze on budgets over the past few months, money may not be available now. However, a number of states provide state training grants to help companies deal with this need.
Arizona has one of the better programs, but facing over a $ 2 billion debt, it is on hold. Nevertheless, they are still accepting requests which will be held on a first come, first serve basis, for when money is again available.
The maximum grant available  is $1.5 million. That is based on a two-part submission: one grant to train new employees for a new position and another grant to train incumbent employees.  A company can submit one or both requests depending on how the grant is to be used.
The program is very flexible.  Within reason, any job title can qualify for training. When a grant is received, the company has up to two years to complete the training. Once a grant is completed, the company may reapply for another grant.
If personnel to be trained are new employees for newly created positions, the State will reimburse up to 75% of the training costs. For incumbent employees the reimbursement rate is up to 50%.
For an employer with 100 or more employees in an urban area, the grant can range from $2,000 to $5,000 per employee.
For an employer with less than 100 employees, the range is from $5,000 to $8,000 per employee.
Temporary or contract employees cannot be trained under this grant program.
Employers interested in learning more details about the program or wanting to intiate a grant request can call John at 480-286-2300.
Explore posts in the same categories: Financial, Training

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