Ohio TechCred Accepting Applications in July

Date July 12, 2023
Categories
Article Authors
Ben Wilcox

The labor market is still one of the main areas of concern among Ohio manufacturers, as it has been difficult to hire and retain qualified employees. It could be beneficial to upskill current employees to keep up with advances in technology and fill positions of need. Ohio TechCred allows employers to help their workforce learn new skills while being reimbursed up to $2,000 per credential earned, or $30,000 per funding round.

For this round of funding, the TechCred application is open from July 3, 2023, to July 31, 2023, at 3:00 PM. The application process is:

  • An eligible employer applies for funding. An eligible employer is any employer registered in Ohio that employs Ohio resident W-2 employees.
  • The Ohio Department of Development scores the applications and awards funding. This score is based on the level of economic distress in the employer’s region, the regional balance of awards, and the amount of employer contribution toward the cost of credentials.
  • Employees complete an eligible credential program.
  • The employer then submits the required documentation to show the credential was earned and paid for to receive reimbursement. Documentation is required to be submitted within 6 weeks of an employee completing the credential. Credentials must be completed within 12 months from the award date.
  • The credentials are required to be industry-recognized, technology-focused, and short-term (completed in less than 12 months and less than 30 credit hours or 900 clock hours). Many of these credentials can be completed online. There is a list of approved credentials at https://techcred.ohio.gov/about/credential-list. Employers can also request that additional credentials meeting eligibility requirements are added to the approved list.

    For additional information on Ohio TechCred, visit https://techcred.ohio.gov/about/overview. For any questions on this program or other support for manufacturers, contact a member of HBK Manufacturing Solutions by calling 330-758-8613 or emailing manufacturing@hbkcpa.com.

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