Although these programs can greatly enhance your training budget, there are complexities involved in proposal preparation and submission and the nature of the grant award process is highly competitive. Federally funded, but locally administered, JTPA can significantly lower the cost of training new hires. And you don't have to change your current training methods to qualify. In an effort to move TANF recipients off the welfare rolls and on to the employment rolls, many states now offer substantial wage subsidies to employers who hire current welfare recipients. As it is certain that welfare reform will continue to be a national priority, these programs are certain to grow.
Some states currently offer tax credits for hiring employees who have certain characteristics.
These credits are significant and, in most cases, are multi-year credits. Often, one employee will qualify for both this state tax credit as well as the WOTC or WtW tax credits. Often times states offer these programs in addition to training grants. In order to maximize your recovery through these programs you must carefully track and present your training initiatives and costs.