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August 10, 2017

Tech Company Receives $120,000 Cash for Employee Training Grant

Client Profile

Industry: Technology
Annual Revenue: $20 million
Entity Type: Private
Geographic Footprint: United States

CBIZ coordinates state tax incentives and training grants.Issue

A company specializing in computer software sought to expand its current location and create 50 net new high-skill jobs. The technical nature of its services, products and proprietary processes presented challenges on how to fund a comprehensive training program for the net new hires.

Solution

CBIZ’s training grants team worked with staff to prepare a training plan. Together, we outlined objectives and strategies to develop the skills of new employees in order to meet targeted productivity and efficiency outcomes. Our team identified a state grant opportunity and incorporated the training plan into an application for grant funding. We completed the application paperwork and also coordinated the reimbursement process.

Outcome

Over a two-year period, the company received a $120,000 training grant to offset the cost of training its 50 net new employees. The funds were accessed through a reimbursement process where CBIZ assisted the company in completing the necessary paperwork that documented the training that occurred and the associated expenses.

Assistance with Training New Hires

Discover how our start-to-finish approach helps you maximize all your training budget.

Download our case study


Copyright © 2017, CBIZ, Inc. All rights reserved. Contents of this publication may not be reproduced without the express written consent of CBIZ. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

CBIZ MHM is the brand name for CBIZ MHM, LLC, a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of publicly-traded and privately-held companies. CBIZ MHM, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ).

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