The Skills Enhancement Fund (SEF) provides assistance to businesses to support training and upgrading skills of employees required to support new capital investment. The grant may be provided to reimburse a portion (typically 50%) of eligible training costs over a period of two full calendar years from the commencement of the project.
Eligible training expenses include all expenses associated with employee training except:
• Orientation related to new hires
• Safety training (OSHA)
Each project will be evaluated on its individual merits and with a cost-benefit analysis after it has met the basic requirements as follows:
• Training cost is used to support new capital investment in Indiana
• Training cost is used to support the retention or creation of full-time, permanent jobs for Indiana residents at the project location
• Training cost is eligible, supports the purpose of the fund, and meets all requirements as set forth in I.C. 5-28-7
Upon execution of a training grant contract with IEDC, the business will be required to report for every calendar year during the term of the contract which is approximately seven years.
• Summary statistics relating to training, training expenses and capital investment that occur in the applicable year
• Individual employee data to support contractual employment thresholds
• Training expense information and data supporting the positions trained will be required for each payment request
Skills Enhancement Fund