Wednesday, April 2, 2014
California Employee Training Funding Program
Every year, the state of California approves applications totaling tens of millions of dollars which are awarded to businesses to help offset the cost of training employees. The areas of training covered are broad, as it says in the YouTube video below basically anything that helps the employees do their jobs better is covered by this program.
Recently one of my clients had their application approved and was awarded $50,000 to help offset the cost of their employee training. They used a consultant to help them with the application process through approval as well as the administration and record keeping required to be in compliance with the state’s program.
The program is funded by a portion of the payroll taxes everyone pays in to the system. I don’t believe the program is marketed widely enough and therefore not everyone is aware of it. If my contractor was able to get their application approved, chances are good for many other contractors to benefit as well from this program.
If you have any questions, as always send me an email and I’ll do my best to help.