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Financial assistance can be available for
technology training from a variety of federal,
state & local grant programs. Please review the
links to the providers below for details.
WorkOne Northeast: Regional
Office Listings
WorkOne Works.com: Programs
Career Advancement Accounts
(CAA)
Career Advancement Accounts are self-directed
training accounts that help workers gain access
to training in regionally specific in-demand
occupations.
The Fort Wayne-Allen County Economic
Development Alliance: Grants &
Loans
Indiana Economic Development Corporation
Ready Indiana
Ready Indiana provides technical assistance to
help Indiana employers:
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- Be knowledgeable
of public resources to help with
training, assessing, and recruiting
employees
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Compare different options for
training and different training
providers to make informed,
cost-effective choices
- Evaluate the
impact of a training program against
organizational goals
- Take advantage
of employer services available at
Workforce Development and Economic
Development offices locally
- Find a training
provider with experience in your
industry, and a price that fits your
budget
- Improve basic,
critical skills of employees such as
problem solving, communication,
teamwork, critical
thinking, leadership
skills, reading/writing/math and
speaking skills.
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Workforce Acceleration Grant (WAG)
The Workforce Acceleration Grant is designed to
help Hoosiers pay for education and training to
prepare for 21st Century jobs. The program
provides eligible Hoosiers with up to $3,000 per
academic year to help cover tuition, fees and
book costs for an associate’s degree or a
vocational certification at more than 50
colleges and universities across the state.
Rapid Response
Rapid Response is a program that assists
workers, the employer and the community by
keeping Indiana working. The sooner workers
start to manage the change, the better the
outcome will be for
everyone impacted by the job loss:
For the employer
Skills Enhancement Fund
(SEF)
The Skills Enhancement Fund (SEF) provides
financial assistance to businesses committed to
training their workforce. Trainees must be
Indiana residents. SEF reimburses eligible
training expenses over a two-year term.
Companies may reapply for additional SEF funds
after their initial two-year term. IEDC
typically does not provide reimbursement for
training that is required by law.
21st Century Research and Technology
Fund
The 21st Century Research and Technology Fund
stimulates the process of diversifying the
State's economy by financially supporting
Indiana companies that are developing and
commercializing advanced technologies in
Indiana.
Industrial Development Grant Fund
(IDGF)
This grant provides money to local governments
for off-site infrastructure projects associated
with an expansion of an existing Indiana company
or the location of a new facility in Indiana.
State funding through the IDGF program must be
matched by a combination of local government and
company financial support.
Small Business Innovation Research
Initiative (SBIR/STTR)
The Small Business Innovation Research (SBIR)
and Small Business Technology Transfer (STTR)
programs stimulate technological innovation and
provide opportunities for Indiana small
businesses to participate in federally funded
research and development programs.
Technology Enhancement Certification for
Hoosiers
The Technology Enhancement Certification for
Hoosiers (TECH) Fund is a reimbursement grant
program designed to help Indiana companies meet
the demands of the new information economy by
rapidly increasing the number of certified
information technology workers in Indiana. This
program provides financial assistance to
existing companies that are committed to
training their workers in the latest information
technology skills. Indiana companies receiving
TECH funds must be in good standing with state
regulatory agencies.
Tax-exempt Bonds
Private Activity Bonds are often called
Industrial Revenue Bonds (IRBs) or Industrial
Development Bonds (IDBs) and are issued by state
or local governmental entities for the benefit
of a private company, usually manufacturers.
Interest on the bonds is generally exempt from
federal income taxes for investors, which
typically results in lower long-term interest
rates to the borrower.
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