Iowa New Jobs Training Program (260E)
Often considered the best and most flexible job training program in the United States, the Iowa New Jobs Training Program provides funding to meet the wide variety of employee training and development needs of companies that are expanding operations or locating a facility in the state. Administered in the Greater Dubuque area through Northeast Iowa Community College (NICC), the program helps meet your needs, whether you require highly specialized educational programs or basic skills training for new positions.
The program is financed through bonds sold by the NICC. Depending on wages paid, the business then diverts 1.5 or 3 percent of the Iowa state withholding taxes generated by the new positions to the community college to retire the bonds. Because of this structure, the training is available at what is essentially no cost since the bonds are retired with dollars that otherwise would have been paid to the state as withholding taxes. In addition to increasing worker productivity and company profitability, businesses participating in the Iowa Industrial New Jobs Training Program may also be eligible for reimbursement up to 50 percent of the annual gross payroll costs expended for on-the-job training, as well as a corporate tax credit if Iowa employment is increased by at least 10 percent. Training can be provided by NICC, local colleges, or private contractors, including in-house trainers.
For more information regarding this incentive, contact Greater Dubuque Development at 563-557-9049 or by email.