The Kasich administration is putting the final touches on its Incumbent Workforce Training Voucher Program — a $50 million initiative that will reimburse an employer at 50 percent of the cost of any training program that the employer wants for his or her current workforce so long as it is qualified through the Development Services Agency, Gongwer reports. The training program, which was developed in last year’s biennium budget and utilizes a portion of the state’s casino licensing fee revenue, caps training reimbursement at $500,000 per employer and $4,000 per employee.
Eligible companies will likely fall into one of the state’s nine targeted industries: advanced manufacturing; aerospace and aviation; automotive; biohealth; corporate headquarters; energy; financial services; food processing; information technology; and polymers and chemicals, the article said. At this time, it is unclear when the Kasich administration will launch the program statewide. However, because program funding will be levied on a first-come, first-served basis, eligible companies will want to be prepared to submit their application as soon as the administration provides a formal announcement on the program’s launch.