Iowa Administrative Code › Agency 261 - Economic Development Authority › Part II - Workforce Development Coordination › Chapter 7 - Iowa Jobs Training Program › Rule 261-7.25 - Special Requirements for Authority-sponsored Business Network Projects

Current through Register Vol. 47, No. 3, July 24, 2024
(1) Eligible
				applicants include a group of businesses who will be the beneficiaries of the
				proposed training program, a trade association, a labor organization, or other
				incorporated entity representing a group of businesses.
(2) Each project shall designate a lead
				organization or business which shall serve as the project's
				representative.
(3) An individual
				project may not be funded for more than three fiscal years.
(4) Administrative costs shall be limited to
				15 percent of the total project cost.
(5) All administrative costs must be directly
				related to the project's operation, including but not limited to the costs of
				schedule coordination, securing facilities, and contracting with training
				providers.
(6) The lead
				organization or business shall submit Business Network Application for
				Assistance, Form 260F-1C, to the authority for project approval.
(7) Applications shall be accepted on a
				first-come, first-served basis.
(8)
				Application review shall be based on the positive impact that training will
				have on the skills, knowledge, and abilities of employees, improved competitive
				stance of the participating businesses, and economic benefits gained by the
				state.
(9) Application approval is
				at the discretion of the authority board and shall consider recommendations
				made by authority staff.
(10) The
				authority shall enter into a training contract with the business network within
				90 days of written notice of application approval from the authority, using
				Business Network Training Contract, Form 260F-4C.
(11) All default provisions specified in
				261-7.30(260F) shall apply to college-sponsored business network training
				projects.
(12) In the event of a
				default, a financial penalty will be assigned by the authority to the business
				or businesses identified responsible for the default.
(13) The lead business or organization shall
				submit quarterly progress reports for the duration of the project which detail
				training progress to date.
(14)
				Each business that participates in the business network shall complete a Final
				Performance Report, Form 260F-5, at the completion of training as a condition
				of the loan's being forgiven.
(15)
				Each project shall receive a two-month advance of total project funds to cover
				initial costs incurred, the use of which must be documented to the authority,
				after which documented costs incurred will be reimbursed on a monthly
				basis.
(16) In the case of business
				network training assistance, which takes the form of supplier network training
				as defined in
				261-73. (260F), the
				authority shall make a good faith effort to determine the probability that the
				proposed project will cause the displacement of employees of existing Iowa
				businesses. Any business network training project which takes the form of
				supplier network training and would have the effect of displacing employees of
				existing Iowa end-product manufacturers shall not be approved.