The importance of a skilled workforce has never been greater. As companies think globally, it is vital that Kentucky's workforce be prepared to meet the hiring demands of employers. The Cabinet for Economic Development plays a significant role in keeping Kentucky's businesses competitive in the global economy by providing financial assistance to train their workforce. Through the Cabinet’s Grant-in-Aid and Skills Training Investment Credit, the Kentucky Skills Network provides incentives to support Kentucky business’ efforts to help new and existing employees stay competitive through flexible, employer-driven skills-upgrade training.
The competitive Grant-in-Aid (GIA) provides funding reimbursements for worker training at Kentucky’s new and expanding companies and for skills and occupational upgrade training for workers of Kentucky’s existing companies. Qualified companies include manufacturers, agribusiness, non-retail service or technology companies, national or regional headquarters, healthcare companies and training consortia.
The Skills Training Investment Credit (STIC) offers state income tax credits for companies to offset the costs for approved training programs provided to incumbent employees of companies engaged in the manufacturing, agribusiness, non-retail service or technology, national or regional headquarters, and healthcare company sectors.
Applications for both programs are accepted and considered for approval by the Bluegrass State Skills Corporation Board of Directors at scheduled meetings throughout the year.
Due to the legislative changes to KRS 154.12, applications will be accepted beginning July 16, 2018. Applications for the new fiscal year 2018-2019 cannot be accepted prior to July 16, 2018. The deadline for application submission will be July 20, 2018.
Skills Training Investment Credit (STIC)
Workforce Specialist, Department for Business Development