Did you know that Incumbent Worker Training (IWT) can help your employees gain new skills while boosting your business's success? This training program is a win-win for businesses and employees alike! Don't miss out on this opportunity to grow together, with funding support available.
Learn more about Incumbent Worker Training and find out if your business is eligible! Employers can complete the Interest Form linked below to get started or reach out directly to Erika Lippmann at erika@northeastiawdb.org for personalized assistance.
Interest Form submissions are checked monthly.
Have questions? Be sure to check out the Frequently Asked Questions (FAQ) tab below for quick answers and helpful insights!
Other Grants
Industrial New Jobs Training Program 260E
The Industrial New Jobs Training Program provides businesses that are new or are expanding to the state with new employee training. The program is financed through bonds sold by Southeastern Community College Center for Business. Depending on wages paid, the business then diverts 1.5 or 3 percent of the Iowa state withholding taxes generated by the new positions to the community college to retire the bonds. Because of this structure, the training is available at what is essentially no cost since the bonds are retired with dollars that otherwise would have been paid to the state as withholding taxes.
In addition to increasing worker productivity and company profitability, businesses participating in the Iowa Industrial New Jobs Training Program may also be eligible a corporate tax credit if Iowa employment is increased by at least 10 percent.
Iowa Jobs Training Program 260F
The Iowa Jobs Training Program (260F) provides job training services to current employees of eligible businesses that are located in Iowa. Job training services are defined, as any training needed to enhance the performance of a business' employees. The program is administered by Iowa Workforce 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. The 260F program provides state-funded forgivable loans or grants to Iowa businesses needing to train their existing employees. A loan is forgivable if a business completes its training program and trains a specified number of employees.