INCENTIVE DESCRIPTION

State: ND
Incentive Type: Training Grants and Credits
Incentive Title: Training Grants
Description: Both of these programs provide funding for the following training activities: customized training, classroom training, on-the-job training, and technical/occupational upgrading. 1. NEW JOBS TRAINING Funds are available for primary-sector businesses expanding in or relocating to the state resulting in new job creation. The business obtains funds in the form of a loan, grant, or self-financing option with a reimbursement period of up to 10 years. The cost of the training under the program is paid for in whole or in part with the income tax withheld from the new employees. 2. WORKFORCE 2020 This program assists employers which are implementing new technologies and work methods and thus need to retrain and upgrade their employees' knowledge and skills. The direct cost of employee training can be reimbursed. Eligible costs include instructor wages, tuition and registration fees, curriculum development and leasing of training equipement.
Eligibility Requirements: 1. Must be a primary-sector business. If a new employer in the state, then must create a minimum of 5 new jobs. If expanding business into the state, then business must increase its base employment level by a minimum of one new job. Wage and benefit requirements must be met. Funded projects must emphasize job skills and basic skills training. 2. Funded projects must emphasize job skills and basic skills training.
Geographic Restrictions: Statewide
Granting Authority: State of North Dakota


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.