Business funded training is customized training paid for by the company requesting the training.
TWC funded training is also provided to businesses but the funding source is either a Skills Development, Self-Sufficiency or Smart Jobs Fund grant. In summary, both types of training are combined and reported in an annualized format to correspond to the academic reporting calendar. Businesses also often invest in training partnerships with significant in-kind resources such as training facilities, instructor time, equipment and materials that are not represented in the contract revenue. Summary The training presented in this report is market driven and in direct response to immediate business needs. Thus, the awarding of contracts and grants generally does not mirror an academic year.