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

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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).

Tech Company Receives $120,000 Cash for Employee Training GrantA software company wanted to add new employees but was concerned about the cost of training. ...2017-08-10T19:11:00-05:00

A software company wanted to add new employees but was concerned about the cost of training. 

Planning & Tax MinimizationTechnology & Life SciencesState & Local Tax