Missouri Community College New Jobs Training Program Purpose:
Provide assistance to companies creating a substantial number of new jobs in Missouri. Whether the company is expanding its workforce or locating a new facility in the State, this program is designed to assist with the costs of training the employees in the newly created jobs.
How The Program Works:
The community colleges, located in 12 districts in Missouri, in cooperation with the Missouri Department of Economic Development administer the program. The appropriate community college initially finances training through the issuance of revenue certificates. Proceeds are used to reimburse the company for training related costs. The certificates may be repaid up to approximately eight years using tax credits from the employer's regular withholding taxes that are paid for the employees in the newly created jobs.
Eligible Applicants:
Businesses with a sound credit rating currently located in or locating to Missouri engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products are eligible. Companies that conduct research and development or provide services in interstate commerce are also eligible. Retail businesses do not qualify for the program. Additional creiteria apply such as types of occupations, fulltime employment and wage rates.
Eligible Use Of Funds:
Funding can be used toward reimbursement for the training and costs associated with the creation of new jobs. Training activities such as skill assessment, orientation, pre-employment training, occupational skill training, classroom training, training materials and on-the-job training can be included in the project.
Application Procedure:
The appropriate community college will submit a "Notice of Intent" for a potential project to the Department of Economic Development's Division of Workforce Development (DWD). DWD determines company eligibility and reviews for training duplication. On behalf of the company, the community college will then submit an application for the New Jobs Training Program outlining training details. Upon approval of the application by DWD, the community college may enter into a formal contract agreement with the company. However, the community college board of trustees must approve all final project agreements.
Funding Limits:
Funding for this program is contingent on the availability of funds. In addition, there is a statewide cap which may limit the number of projects available.
Contact:
MO Department of Economic Development
Division of Workforce Development
Industry Training Programs
421 East Dunklin, PO Box 1087
Jefferson City, MO 65102
Phone: (573) 526-8254 Fax: (573)522-9496
Phone: 800-877-8698
Email: wfdcusto@ded.mo.gov |