FRANKFORT, Ky. — In the fiscal year 2021, which ended June 30, the BSSC board of directors approved roughly $6.1 million in funds and credits for 111 Kentucky facilities to train the 18,000-plus workers.
Building on that momentum, the BSSC board approved more than $1.8 million in training funds and credits for nearly 4,200 trainees across 19 Kentucky facilities on Aug. 4 during the first of four fiscal year 2022 meetings.
Employers across the state benefit from BSSC’s Grant-in-Aid (GIA) and Skills Training Investment Credit (STIC) programs. GIA provides cash reimbursements for occupational and skills upgrade training at Kentucky businesses, while STIC offers state income tax credits for companies to offset the costs for approved training programs. Applications for both programs are accepted and considered for approval by the Bluegrass State Skills Corporation Board of Directors.
Types of operations that could qualify for BSSC incentives include manufacturing, agribusiness, non-retail service or technology, headquarters operations, state-licensed hospital operations, coal severing and processing, alternative fuel, gasification, renewable energy production, or carbon dioxide transmission pipelines.
For more information on the Bluegrass State Skills Corp. or to apply for workforce training assistance, visit ced.ky.gov/BSSC.
Kentucky’s investment in workforce development furthers recent economic momentum in the commonwealth, as the state builds back stronger following the effects of the pandemic.
Information on Kentucky’s economic development efforts and programs is available at www.CED.ky.gov, facebook.com/CEDkygov, on Twitter @CEDkygov, and LinkedIn.
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