GBMP has assisted companies in New England and beyond capture over $10 million in training grant funds. Almost every state has such a program (though they vary a bit). Below is detailed information about the Massachusetts Training Fund Grant. Click the link at the bottom of the page to get information about grants in other states. Lastly, click on the NETAAC link to learn about federal funds for training your employees, determine if you qualify and how GBMP can use its networks and knowledge to help you get the money you need to train your employees in Lean.
GBMP can assist your company as it prepares and applies for a Training Grant by:
General Information about the Massachusetts Workforce Training Fund Grant Program
The Workforce Training Fund is a state fund financed entirely by Massachusetts employers through a surcharge on the Unemployment Insurance tax. The purpose of the fund is to provide resources to Massachusetts businesses to train current and newly hired employees. If your company pays unemployment taxes, it is eligible to participate in the programs. Training grants are awarded competitively to employers, employer organizations, labor organizations, training providers, or a consortium of such entities, to train current and newly hired workers. The maximum amount of a training grant is $250,000. There is a rolling acceptance procedure in place and applications are reviewed monthly. When received, applications will get a technical review to make sure all the required information and documentation is included, then a search will be conducted to confirm the company is up to date on all the financial requirements. Once the technical review is completed, a review of the actual application will be done (the proposed coursework and its intended impact). In most cases the applicant will be notified of the decision within 60 days of submission.
There are two types of training grants that can be awarded:
The General Grant Program is available to companies, organizations and providers of any size. Successful applicants demonstrate that training will result in job retention, job growth or increased wages and will make a difference in the company's productivity, competitiveness, and ability to do business in Massachusetts. General Grant monies awarded can reach and even exceed $250,000 and must be used within a 24-month period.
The Hiring Incentive Program is open to all employers and provides training grants of up to $2,000 per employee and up to $30,000 a year per company. This program assists in paying training costs for newly hired employees who have been unemployed over a year and those that do not have a call back date from their last employer.
For more information, click here for the Massachusetts WTF website
Where to find information about the Training Grants available in your state
NETAAC Federal Workforce Training Grants
To learn how we can help your company apply for and receive a WTF grant to pay for employee training by GBMP, please contact Jamie Millman at 617-287-7737.