Ohio TechCred Reimbursement Program Reopens for Eleventh Round

The TechCred application reopens for the eleventh round of funding on October 1st and closes on October 29th at 3:00 pm, allowing Ohio manufacturers another opportunity to secure reimbursement for valuable employee training.

What is TechCred?

TechCred was created in 2019 and funded in the state budget under House Bill 2. The bill allows employees to learn skills and earn credentials useful to their employers, and employers can secure reimbursement for the associated costs. Ohio employers may receive up to $30,000 in reimbursement for each funding round.

Universities, community colleges, Ohio technical centers, and private training providers are all eligible options to obtain credentials. Employers can choose a training provider that best fits the skills they require for their employees.

How do I apply?

Businesses of all sizes are eligible to participate. They are required to be registered in the Ohio.gov supplier portal at supplier.ohio.gov. After approval, they are assigned a supplier ID number that can then be used to begin the TechCred application.

Using this supplier ID, businesses can begin their application at techcred.ohio.gov. Applicants will be required to submit their contact information, federal tax ID number, credential information (including the credential, training cost, and training provider), requested reimbursement amount, number of employees who will earn the credential, and the average wage of employees both before and after earning the credential.

How do I get reimbursed?

After approval, employers have 12 months from the award date to complete certification(s). They will ultimately be able to submit proof of credential completion and cost documentation at techcred.ohio.gov to obtain up to $2,000 per credential. Requests for reimbursement should be submitted no more than once a month during the grant period, and no later than six weeks after the credential is obtained. Employers should also provide a status update every six months to reflect whether credential projects are in-process, completed, or cancelled.

Additional details on TechCred are available at https://techcred.ohio.gov/wps/portal/gov/techcred/about/program-guidelines.

For more information, or to discuss support available for manufacturers, contact HBK Manufacturing Solutions at 330-758-8613 or by emailing manufacturing@hbkcpa.com.

About the Author(s)
Elizabeth is an Associate with the HBK Manufacturing Solutions Group in the Youngstown, Ohio office of HBK CPAs & Consultants. She has experience in assisting manufacturers with assurance and tax-related matters. In addition, Elizabeth supports clients with COVID-19 relief programs, including the Paycheck Protection Program and the Employee Retention Credit.
Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.