The purpose of the Incumbent Worker Training (IWT) Program is to support training that results in either: lay-off aversion through skill attainment for employees, or lay-off aversion through process improvement that contributes to the competitiveness and productivity of a business.
What is lay-off aversion? It is when a worker’s job is saved with an existing employer where, if training does not occur, may result in a downsizing or closing. Also may occur if a worker, at risk of dislocation, transitions to a different job with the same employer or a new job with a different employer, and then experiences no, or a minimal spell of unemployment.
Tennessee for-profit and not-for-profit (health care) related businesses that have been in operation for a minimum of one year prior to the application date, employ at least five full-time employees, are current on all federal and state tax obligations, and are financially viable are eligible to apply.
The IWT is cooperatively administered through the state’s Local Workforce Investment Areas and the Tennessee Department of Labor & Workforce Development, Division of Workforce Development. Applications are submitted from the companies directly to a LWDA. An LWDA may request additional information or establish supplemental provisions and requirements for the training projects.
Currently, LWDA-11 has been approved for $100,000 for the upcoming year beginning October 1, 2012. The maximum amount is $25,000 per grant, with a funding limit of $50,000. When a company has reached $50,000 limit it must skip a year before they can re-apply.