Various Financial Schemes For Training Employees
These expenses can add to the financial burden for many companies who are either on the verge of no profit no loss situation or earning very minimum profit. But for giving training to the employees too, there are various government grants ready to be availed of. But there are certain ways through which companies need to find out to get access to the same.
There are several granting agencies to which companies can approach for grants and the best to start is at the federal level: One such program is Training to Help Small Business Managers Operate Their Businesses offering business development training and counseling assistance. To enquire about the program and details of the same, the Associate Administrator for Business Development in Washington can be contacted by phone (202 6346197).
There is another program Grants to Train & Counsel Potential & Existing Small Businesses for which you can contact Small Business Administration in Washington by calling at 202 2057151. There is also Business Relations Group of U.S. Department of Labor which regards the entrepreneurs as their customers and you can also contact their representatives in Washington on phone (202-693-3949); explain them about your business and the objective and purpose of training your workforce.
You can also email them at [email protected] Representatives need to know details of your business so that they can inform you if any specific program for training appropriate to your business is coming up and if not, they can guide you on the notifications of the other fund availability programs.
At the state level also, you can contact states economic-development group, work-force development group and Small Business Development Centers, which are known differently in different states. Enquire about the available grants and tax credits as some companies can also get tax credit by modernizing employees expertise.
There are also local community colleges and public universities, which run training programs as the government agencies provide funds to them for the purpose. There is also an office in the name of Workforce Development or Workforce Preparation where you can know about the various training programs being offered by them.
Just provide details of the company and the data on the requirements of the workers training needs and the college or university will prepare the grant proposal if they think it is necessary. You can also look for work-force board at the local level. Various federal and state agencies send money to these boards, which in turn take decision on spending these funds locally.
Another way is to go to One-Stop Career Center. These are designed to help both employers and workers to attain information on job markets, training, and economic development. There are around 3200 such centers countrywide and business owners can search training programs and databases of workers through these centers. Go to their website http://www.servicelocator.org/ and explore it to suit your needs or you can call them at 1-877-872-5627 for direct assistance.