Does your business provide training to its employees in manufacturing or technological skills? If so, TechCred could serve as a valuable program to offset these costs. May 1, 2024, marks the opening of another Ohio TechCred application period to take advantage of these opportunities.
What is TechCred?
In 2019, TechCred was created and funded in the state budget under House Bill 2. The bill allows employers to secure reimbursement for training-related expenses in manufacturing and technology fields of up to $30,000 per round.
Furthermore, employers can choose a training provider that best fits the skills they require for their employees. Universities, community colleges, Ohio technical centers, and private trainers are all eligible options from which to obtain credentials.
How do I apply?
Businesses of all sizes and industries are eligible to participate, as long as they employ Ohio residents. To begin, employers must apply for an Ohio ID at supplier.ohio.gov. Here, they will be assigned a supplier ID number that can be used to begin the TechCred application.
With 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 being considered for reimbursement (including the credential name, training cost, and training provider), the requested reimbursement amount, number of employees who will earn the credential, and the average wage of employees both before and after earning the credential.
A list of currently eligible credentials can be found at https://techcred.ohio.gov/about/credential-list. However, if yours is not listed here, employers may also apply for credentials not found on this list at the same link under “Credential Not Listed”. This requires the submission of a syllabus and list of skills taught, as well as other attributes of the course in question.
How do I get reimbursed?
After approval, employers have 12 months from the award date for their employees to complete their 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/about.
For more information, or to discuss support available for manufacturers, contact HBK Manufacturing Solutions at 330-758-8613 or by emailing manufacturing@hbkcpa.com.
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