Wednesday, July 18, 2012

How To Get a Training Grant

In earlier posts, I advised that there are training grants to help you reduce the cost of the training component for your EMR conversion.  I shared the criteria to determine if you qualify to receive an Incumbent Worker (IWT)training grant.  I also provided information on costs that are eligible under the grant.

Now that you know the requirements of the IWT training grant, you're probably wondering what's the next step. So, let's talk about what you need to do to get started.

There are 2 major steps to consider:

1. Application Phase - This is the phase where you apply for the training grant. The state uses your application to determine if you qualify for an IWT grant award. The process of applying for the grant takes some time, but it is well worth the effort.

On your application, you will provide information related to your anticipated training, outcomes and the associated costs (both direct and indirect). You also will be required to provide documents to support that your company is financially stable and there are no outstanding taxes due to the state.

2. Payment Request Phase - This is the phase where you provide documents to support the eligible training and training costs. Since the grant is reimbursable, you will have to prove that the costs were paid prior to your payment request.

Likewise, you are required to provide evidence that your employees participated in the approved training(s). This process requires you to maintain good records of trainings and their associated costs and payments.

Do you want to know if you qualify for an IWT grant?  Give me a call at (850) 727-0293. I will provide you with a detailed checklist, which allows you to consider the criteria for approval. Then, we'll go to the next step.

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