It can offer subsidized funds for specialized training to help your business remain competitive in a global market. This program supports the California economy by funding the retraining of incumbent and frontline workers in businesses challenged by out-of-state competition.
Funds for business can total up to $500,000 to help offset training costs.
A company can receive ETP funds for training its employees in almost every department, including management and strategic planning, sales, operations, accounting, and human resources.
Business Skills, Supervisory and Management Skills, Continuous Improvement, Literacy Skills, Advanced Technology, and Commercial and Manufacturing Skills. A more detailed answer is under the ETP Regulations tab.
The Panel uses a fixed-fee training rate to calculate reimbursement for training costs. the fixed-fee rate is intended to cover a portion of the training and administrative costs incurred by a contractor. For more information on the fixed-fee rates, please review Fixed-Fee Rates.
ETP training contracts are performance-based. After a trainee completes training and an employment retention period of at least 90 days (trainees must be employed at least 35 hours per week), a company has earned funds. To offset training costs, your company may receive “progress payments” as a trainee progresses through training, in lieu of receiving full reimbursement after training/retention. Benchmarks and amounts of progress payments are stipulated in the training contract.