Training incentives assist companies to attract and retain talent as well as further education for workers. Katy Area EDC assists companies by providing information on available training incentives and connecting companies to these resources.
Workforce Solutions Recruitment and Training Assistance
The Workforce Solutions Office offers the following services: Providing space for hiring events, recruiting, pre-screening/interviewing, registered apprenticeship assistance, outplacement support and facilitating customized training assistance for current and future workers. Contact Susan Dixon for more information at (713) 817-0344 or email@example.com.
Texas Skills Development Fund (SDF)
This program is administered by The Texas Workforce Commission (TWC) and provides financial support for training to help employers build their skilled workforce by collaborating with a community college (Houston Community College) or public technical college (Texas State Technical College). Employers may receive up to a $500,000 wage reimbursement over a 12-month period. The estimated benefit is about $1,800 per employee. There are some restrictions with using OJT funds and SDF together.
On-The-Job Training (OJT)
This program is administered by Workforce Solutions and offers participants an opportunity to earn while they learn, while employers benefit from a 50-75% reimbursement during a 400 to 600 hour training period. The estimated benefit is about $3,000 per employee and there are some restrictions in using OJT funds together with the Skills Development Funds (SDF).
Small Business Skills Program
Through the Texas Workforce Commission (TWC) Skills for Small Business program, small businesses with fewer than 100 employees, can apply to TWC for training offered by their local community college. The program emphasizes training newly hired employees - those who have been hired by the company up to three months prior to the date that TWC receives an application. The program funds tuition and fees up to $1,450 per newly hired employee and up to $725 per incumbent employee. Employers must pay the prevailing wages in the local labor market for the trainees funded under the agent.
Economic Development and Diversification In-State Tuition for Employees
The Economic Development and Diversification In-State Tuition incentive may be offered to qualified businesses that are in the decision-making process to relocate or expand their operations into Texas. The incentive allows employees and family members of qualified businesses to pay in-state tuition fees if the individual files with a Texas Institution of Higher Education. Without this incentive designation, a student must reside in Texas for a 12-month period to be entitled to pay the tuition fees of a Texas resident.
Skills for Veterans
This program is administered by the Texas Workforce Commission (TWC) and pays tuition and fees for employees that are military veterans to take courses from the existing course catalogue of a partner community college or public technical college. Employers may receive wage reimbursement over a 12-month period with an estimated benefit of $1,800 per trainee.
Workforce Solutions Apprenticeship USA Program
This is a federal program administered by Workforce Solutions and entails customized training that results in highly skilled employees trained to industry/employer specifications. The result is increased productivity and knowledge transfer due to on-the-job learning from an assigned mentor combined with related technical instruction. There is an emphasis on safety training that may reduce workers' compensation costs and create a stable and predictable pipeline for the development of qualified workers. This is a proven training model that allows employers to set the benchmark and the structure that can determine the Return on Investment in training dollars.
Workplace Opportunity Tax Credit (WOTC)
This is a federal income tax benefit administered by the U.S. Department of Labor, for private, for profit employers who hire from target populations. WOTC reduces a business’ federal tax liability, serving as an incentive to select job candidates who may be somewhat disadvantaged in their efforts to find employment. Hiring from a select group of qualified job seekers can mean direct federal tax savings to your business ranging from $1,200 to $9,600 per qualifying employee.