Program Purpose: The Iowa Jobs Training Program (260F) provides job training services to current employees of eligible businesses that are located in Iowa. To assist businesses with the training and the upgrading of skills of their current or incumbent employees – to ensure Iowa’s businesses remain competitive in their markets, the State is willing to invest in customized training for the current employees of a company’s workforce
- A business must be located in Iowa
- A business must be engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, assembling products, warehousing, wholesaling, or conducting research and development.
- A business, which provides services, must have customers outside of Iowa.
- Within the 36 month period prior to the date of applying for program services, a business cannot have closed or reduced its employment base by more than 20 percent at any of its other business sites in Iowa in order to relocated substantially the same operation to another are of the state.
- Employees who will receive training must be currently employed by the business and the business must pay Iowa withholding tax for them.
Ineligible Businesses: A business, which is engaged in retail sales or provides health or other professional services, is ineligible. Also, a business which closes or substantially reduces its workforce by more than 20 percent at existing operations in order to relocate substantially the same operation to another area of the state is ineligible for 36 consecutive months at any of its Iowa sites from the date the new establishment opens.
Award Specifics: Individual business sites are eligible for maximum awards of $25,000 per training project. A business site is eligible for a maximum of $50,000 in program assistance during a three-year period. Training projects costing $5,000 or more require a minimum of a 30% cash match for the business. Training projects costing less than $5,000 do not require a business cash match.
Application Process: The 260F Program is administered by the Iowa Department of Economic Development and services are provided by Iowa’s 15 Community Colleges. Each community college works with eligible businesses to assess training needs, determine funds availability and provide training. Contact Terry Schumaker – email@example.com, at the NIACC John Pappajohn Entrepreneurial Center if you would like more information regarding the Iowa Jobs Training Program (260F).