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CT Incumbent Worker Training Program

CT Incumbent Worker Training Program

Connecticut Center for Advanced Technology
LOCATION & INDUSTRIES
AMOUNT

Up to $50,000

OWNERSHIP REQUIREMENTS
DEADLINE

Rolling

ABOUT THE GRANT

The IWT program is a matching grant program that offers financial reimbursement to manufacturing companies for providing up-skill training to their employees. The goals are:

- To support advanced manufacturing and innovative companies in their efforts to train incumbent workers in the appropriate skills to meet current and emerging market needs.
- To bring technological innovation to the market and help manufacturing companies leap ahead in productivity and efficiency by enhancing the skills of their current workforce.
- To grow sales revenue and increase profitability.

The program will reimburse up to $50,000 of training costs annually. Companies may submit multiple reimbursement applications so long as the aggregate amount does not exceed $50,000 in any given calendar year. There is no minimum grant amount that will be awarded to qualified applicants. The maximum amount of lifetime assistance provided to any one company by this program is limited to $100,000.

In order for a company to apply for reimbursement, they must meet all of eligibility criteria for the program. As an example, an applicant who can evidence having spent a total of $30,000 in training costs over the course of one year will be eligible for a potential grant of $15,000 ($15,000 grant + $15,000 company match).

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NOTES

We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.

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