WORKFORCE TRAINING PROGRAMS INSURE A SKILLED WORKFORCE
Programs like the ones below offer Missouri businesses job training assistance and funding to help offset costs for new and existing employees
MISSOURI COMMUNITY COLLEGE NEW JOBS TRAINING PROGRAM
STATUTORY CITATION: §§ 178.892-178.896 RSMo
TYPE OF BENEFITS: Provides training assistance to companies creating a substantial number of new jobs in Missouri.
DESCRIPTION OF BENEFITS: Funds for the training project are generated by diverting from the employer’s regular withholding taxes paid for the employees in the newly created jobs. The amount paid is based on a percentage of the gross wages that have been paid to the employees. The tax withholding is equal to 2.5% of gross wages for the first 100 jobs, and 1.5% for the remaining jobs in the project. The tax withholding credits for the project are claimed for an average of 4-5 years to pay for project costs.
: Businesses currently located in or locating to Missouri engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products are eligible. Companies that conduct research and development or provide services in interstate commerce are also eligible.
MISSOURI CUSTOMIZED TRAINING PROGRAM
TYPE OF BENEFITS: The Missouri Customized Training Program assists Missouri employers with funding to help offset training costs for new and existing employees.
DESCRIPTION OF BENEFITS: The Missouri Customized Training Program is implemented through local educational agencies. Training assistance may be available for training costs such as curriculum development, instructional salaries and training materials.
ELIGIBLE BUSINESS TYPES: Businesses creating net new jobs in the state of Missouri or retraining existing jobs in Missouri as a result of substantial capital investment.