Indiana Grants and Reimbursements Available in 2021
There are a number of state grant programs available to Indiana employers in 2021, including the NextLevel Jobs Program and the Manufacturing Readiness Grant. McGuire Sponsel focuses on state and local funding programs such as these that provide significant value to employers looking to grow in Indiana and across the country. Contact our Credits & Incentives team to find out how you can maximize the incentives offered for these programs.
NextLevel Jobs was established by the Indiana Governor’s Office to enhance job skills and training for Indiana’s workforce. The program offers employee training and retention grants to high-priority industries and high-demand jobs driving Indiana’s economy forward. This includes industries such as advanced manufacturing, building and construction, IT, and others.
If you plan to train new or existing employees this year, you may qualify for up to $50,000 in state grant money through NextLevel Jobs. The maximum amount eligible per employee is $5,000. The Department of Workforce Development administers the program by managing applications, evaluating training programs, approving employer training plans, and executing the reimbursement of approved training.
Employers can submit applications and training plans for new and existing employees with certain occupation titles. Most of these approved occupations fall into six broad categories: agriculture, advanced manufacturing, building and construction, health and life sciences, IT and business services, and transportation and logistics.
The Manufacturing Readiness Grant offers incentives to support manufacturing operations seeking to upgrade their processes and incorporate new technologies and job skills such as AI, modernization techniques, and smart manufacturing processes.
The Indiana Economic Development Corporation, alongside Conexus Indiana, are extending the Manufacturing Readiness Grant program and offering grants to employers up to $200,000. Increases in jobs or upskilling to employ more highly trained individuals will be keys to qualifying for larger award amounts.
Applications are now open for Manufacturing Readiness Grant, and the NextLevel Jobs program opens July 9. Both programs run through December 31, 2021 or as long as funding is available.
To dive deeper into program details and qualifications, watch our webinar here.
As a consultant for McGuire Sponsel’s Credits and Incentives practice, Ben Worrell fosters client relationships by guiding clients through the intricate compliance requirements associated with credits and incentives benefits.
Ben builds confidence in the McGuire Sponsel client relationship by working with clients throughout the duration of their project – not just in a one-off transaction.