Economic Development Week isn’t about just looking to past achievements, but also the programs that will ensure more economic growth in the future.
One exciting program that local businesses can take part of now is the Incumbent Workforce Training (IWT), a federally funded grant program that can reimburse your business for part of the cost of training existing employees.
The program is designed to help businesses identify skills gaps that occur as businesses innovate and evolve.
The grant program provides 50 – 90% financial reimbursement to employers who train members of their existing workforce. The reimbursement is up to $50,000 and the employee must be full-time with regular benefits and have passed the company probation period.
This program is a true win-win for both the employee and employer. Employees receive new skills and the opportunity of job growth in their current companies, while employers have the benefit of an employee that already knows their business but has more skills to assist in making the company more productive.
For more information, please call Coconino County Health and Human Services at 928.679.7400.
Meanwhile, whether you are an employer or an employee, with a company that’s just starting out or marking an important milestone, I wish you all a very happy Economic Development Week.