Grant Funding You Should Be Aware Of

Megan BurnsLeadership, Managing, Operations, Strategy, Updates

Funds
Funds
While many manufacturing companies know there are grants available to off-set the costs for training and consulting projects, they don’t always know the details. Here are five funding sources you should be aware of and take advantage of.
1. Guaranteed Free Training (GFT) – Most companies refer to this program as WEDnet. The GFT program is provided by the Workforce and Economic Development Network of Pennsylvania. (WEDnetPA). GFT provides up to $450 per employee for Essential Skills Training or up to $850 per employee for Advanced Technology Training. There are some basic eligibility requirements though, so check the website tosee if your company qualifies.
2. Customized Job Training (CJT) – This is a state grant program administered by the Department of Commerce through local Workforce Investment Boards (WIBs). This program reimburses PA employers up to $5,000 per employee for specialized training for existing or newly hired employees.
3. Industry Partnerships (IP) – Every year Industry Partnership grants are funded within 12 industry clusters. These grants are often used to help with training costs and workforce development. These grants are usually aimed toward High Priority Occupations (HPO).
4. MidAtlanticTrade Adjustment Assistance Center (MATAAC) – MATAAC is one of 11 regional non-profits chartered by the U.S. Department of Commerce to help small- and mid-sized manufacturers be more globally competitive. Companies that qualify can receive up to a $150,000 cost-shared grant to cover a range of business projects. Companies that qualify essentially can have 50 percent of of the cost of a project covered by the grant.
5. Make It In America Grant – This is a grant we recently became aware of that will cover approximately 25 percent of the cost of Six Sigma Green Belt training for companies in these six counties: Clarion, Crawford, Erie, Forest, Venango, and Warren. However, training must be completed by September 30, 2016. For more information on this grant, contact the NWIRC.
If you have questions or want additional information about any of these funding sources, contact us.