New Jobs Training Program
The Missouri Community Colleges' New Jobs Training Program (NJTP) offers 100% funding for eligible training activities. It is an excellent program that has been used by companies such as Ford Motor Company, Harley Davidson, Cerner Corporation, the Lockton Companies and Transamerica among others.The program was established by state law and the first project was funded in 1991 (through the Metropolitan Community Colleges). The purpose of the program is to provide assistance to companies creating a substantial number of net new jobs in Missouri. Whether the company is expanding its workforce or locating a new facility in the State, this program is designed to assist with the costs of training the employees in the newly created jobs.
The Metropolitan Community Colleges (MCC) initially finances training through the sale of its bonds. The bonds are repaid by using tax credits from the employer's regular withholding that is based on a percentage of the gross wages paid to employees in the new jobs. The tax credit is equal to 2.5% of gross wages for the first 100 new jobs and 1.5% for the remaining new jobs. The tax credit for projects in excess of $500,000 may be claimed up to eight years, and those projects not in excess of $500,000 may be claimed up to ten years.
Funding is used to reimburse eligible training costs and costs associated with the issuance of the bonds. Training activities such as skill assessment, orientation, occupational skill training, and on-the-job training among others can be included in the project, as well as training materials and supplies.
The first step in the process is that MCC will submit a "Notice of Intent" for a potential project to the Department of Economic Development's Division of Workforce Development (DWD). DWD determines company eligibility and reviews for training duplication. Then, MCC and the company submit an application for the New Jobs Training Program outlining training details. Upon approval of the application by DWD, MCC enters into a formal contract agreement with the company. MCC's board of trustees must approve all final project agreements.
Additional Information contact:
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Gary Sage at 816.482.5610 Email: Gary.Sage@mcckc.edu |
