About this Event
If a business is locating a facility or expanding operations in the state, the Michigan New Jobs Training Program can provide flexible funding to meet a variety of training and employee development needs for those new positions.
Funds to cover the costs of training are attained through community colleges issuing debt or self-funding. The debt is then repaid to the college through a diversion of withholding taxes generated by the wages earned by the new employees. In other words, training of new employees is essentially paid by dollars that would otherwise have been paid to the state for withholding taxes – no new additional dollars are expended to cover the costs of training. Businesses can gain a competitive edge through virtually cost‐free training of their new employees.
Key Benefits:
● Discover how to take advantage of a tax diversion method to fund training
● Gain insights into the application process.
● Access expert guidance and tips for fostering new employees.
Target Audience:
· Are full‐time, in a new, existing, or expanding business of the employer.
· Are not jobs of recalled workers, replacement jobs, or any other job that existed in the employer’s business within the 1‐year period preceding the date of an agreement.
· Are new jobs that pay at least 175 percent of the minimum wage, or $16.87 per hour;
· Are new jobs that result in a net increase in employment in this state for the employer?
Event Venue
Online
USD 0.00