As we discussed in the last issue of The Manufacturer's Edge, world-class organizations invest in finding and eliminating hidden and non-people wastes during tough economic times. Yet some organizations just don't have all the funds to support the various projects they want to tackle. There are several grants available to companies to help defray the cost of training and projects. The following list is by no means exhaustive, but it is a good start for most firms.
The first funding source is the Guaranteed Free Training through the
WEDnetPA program. The funding year runs from July 1 to June 30 the following year. Applications must be submitted through a WEDnet partner. Employers can receive up to $450 per employee, up to $75,000 per fiscal year. Detailed requirements and forms are available at
www.wednetpa.com
The next option is your local workforce investment board (WIB). These grants are focused more on the benefit to the employee through earning a certificate, promotion, or wage increase. Employers can receive up to $700 per employee, but there is a 25% match requirement. This can be met through wage equivalency. There are 22 local WIBs in the commonwealth of PA, so do a google search for your nearest WIB.
The next funding option are Customized Job Training (CJT) grants. CJT grants are also awarded from July 1 through June 30. These grants can range from $25,000 to $150,000 and will cover 70% to 100% of training costs. These funds are limited to more advanced training that goes beyond the basic skills training covered by WEDnet. CJT grants are administered directly by the PA Department of Community and Economic Development (DCED), although it may be worthwhile to have a local economic development agency help you with the application forms.
The last funding option I'll cover are
MATAAC grants. These grants are available to companies that have experienced a loss of a proportion of its employees and a decline in sales due to imports. MATAAC grants cover 50% of the cost for consulting/training projects up to $75,000. Companies have three years to use the funds. Additional information can be found at
www.mataac.org
If you have additional questions or want to learn more about any of these options, we can help you.