The Customized Training program provides federally funded grants to help NYC-based businesses train and retain their employees.
Donor Name: City of New York
State: New York
City: New York City
Type of Grant: Grant
Deadline (mm/dd/yyyy): 04/15/2022
Grant Size: $30,000-$400,000
Details:
This competitive, reimbursable training grant is available for businesses that are for-profit, operating for at least one year, and able to pay for training upfront. Customized Training grants offer financial support to make training your staff more affordable. The right trainings can help your bottom line, reduce employee turnover, improve morale, promote an efficient and productive workforce, and increase your competitiveness in the marketplace.
Businesses identify a problem(s) they are facing and select the training(s) that will help them solve for this problem(s). The NYC Department of Small Business Services (SBS) reimburses up to 60% of the total training costs in one or more of the following areas:
- Training on recently purchased equipment or software
- Training to offer new services/products to reach new markets
- Training to give current staff new skills to advance into hard-to-fill positions
- Training to update obsolete skills that are necessary for the business to be competitive
Funding Information
Grants range from $30,000-$400,000
Eligibility Criteria
- Businesses must be based in NYC, for-profit, and operating for more than one year
- Businesses must train at least 10 employees
- Businesses pay for training costs up front and get reimbursed on a quarterly basis
- Employees can take different trainings
- Employees have one year to complete training
- Upon completion of training, businesses must provide wage increases.
Businesses with less than 10 employees can apply jointly as a consortium application to meet the trainee requirement.
For more information, visit City of New York.
