Bluegrass State Skills Corp. Grant Reimbursement Program & Skilled Training Investment Credit
The Bluegrass State Skills Corp. (BSSC) was established in 1984 to stimulate economic development through customized business and industry-specific skills upgrade and occupational upgrade training. BSSC approves incentives for qualified companies through a Grant-in-Aid (GIA) program and/or a Skilled Training Investment Credit (STIC).
The GIA provides reimbursement dollars to companies/consortia and the STIC provides a tax credit against Kentucky income taxes to businesses for company-specific training activities. Click here for additional information.
KCTCS-TRAINS Funding
KCTCS-TRAINS is a fund designated by the Kentucky General Assembly to help companies willing to invest in workforce development for their employees. These funds are administered by KCTCS and are available through KCTCS colleges. Companies receive funding to assist with the cost of providing workforce training and assessment services to current and potential employees through KCTCS colleges. KCTCS-TRAINS funds are distributed on a project basis and require a company cash match of 50% plus a 10% administrative fee for use of the funds.
Available in 2020, companies who have not previously taken advantage of KCTCS TRAINS funding may be eligible for funding at 75% for a period up to one year and a total project cost up to $150,000. Click here to learn more.