Tech + Creative

DUMBO Companies! Get up to $400k for Employee Training

New York City Business Solutions is offering local businesses the opportunity for up to $400,000 in staff development grants. There will be an info session on August 15th at the NYC Business Solutions Center at 9 Bond Street, 5th Floor from 6pm to 7pm.

These customized training grants will help your business afford professional training services that can reduce employee turnover and increase productivity, thereby saving you money and growing your business. Customized training eliminates the financial constraints that keep businesses from investing in staff development by providing awards of up to $400,000, which can cover 60-70% of eligible training costs.

The training is offered for the below categories:

  • Training on recently purchased equipment or software
  • Training to offer new services or products to reach new markets
  • Training current staff to take on new responsibilities and/or to get promoted
  • Training to update obsolete skills to keep your business competitive
There are basic eligibility requirements which include:
  • Business plans to train a minimum of 10 trainees
  • Trainees earn less than $63,694 annually, are employed in NYC, and must receive W2 forms/work full time by end of training
  • Business commits to wage increase for at least half of trainees
  • Sufficient cash flow to cover upfront entire training, of which 60-70% reimbursed quarterly

Info Session Details:

  • Date: Thursday, August 15
  • Time: 6pm – 7pm
  • Location: NYC Business Sollutions, Brooklyn Center/ 9 Bond Street, 5th FL, Harvard Room/ Brooklyn, NY 11201
  • RSVP to 347-296-8026 or jpichardo (at) nycbusiness-solutions (dot) com

For more info on NYC Business Solutions, please visit: http://www.nyc.gov/nycbusiness