Ohio Incumbent Workforce Training Voucher Program
Registration begins January 7th, 2013
$20,000,000 available. First come, first serve.
What is it: A 50% tax credit based on employee "training" cost. The maximum credit is $4,000 per employee ($500,000 per employer for all employees). Employees must be Ohio residents.
What "training" qualifies: training opportunities that expand and improve employee's workforce skills and develop his or her opportunities for growth within the company are eligible. Training may include: on-site or off-site training, classes at an accredited institution, training that leads to an industry certificate, improved efficiency training (Six Sigma), and upgrade of computer skills (Excel, Access, etc.).
What "training" does NOT qualify: Continuing education classes required for professional certification, soft skills, GED, profit oriented courses (Dale Carnegie), travel costs, etc.
What industries: Training must be related to one of the "targeted industries" as defined by the state of Ohio. Those industries include: Advanced Manufacturing, Aerospace and Aviation, Automotive, BioHealth, Corporate Headquarters, Energy, Financial Services, Food Processing, Information Technology and Services, Polymers and Chemicals. Please note that an employee in a retail or service function is not eligible.
When: Training will have to start on or after February 7th, 2013 and be completed by June 30, 2013.
For questions or to receive more information contact:
Flagel Huber Flagel
www.fhf-cpa.com
937-299-3400 (Dayton)
513-774-0300 (Cincinnati)
or
Ohio Development Services Agency
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