Due to the high volume of applicants, we have currently exhausted our Skills Training Investment Credit appropriation for this biennium budget. We encourage new applicants to submit in mid- May for consideration at the July 2018 board meeting.
The importance of a skilled workforce has never been greater. As companies think globally, it's vital that Kentucky's workforce be prepared to meet the hiring demands of employers. The Cabinet for Economic Development plays a significant role in keeping Kentucky's business and industry competitive in the global economy by assisting them in providing the necessary training for their workforce. Through the Cabinet’s Grant-in-Aid and Skills Training Investment Credit, the Kentucky Skills Network provides incentives to support Kentucky business’ efforts to help new and existing employees stay competitive through flexible, employer-driven skills-upgrade training.
The competitive Grant-in-Aid (GIA) provides funding for worker training at Kentucky’s new and expanding companies and for skills and occupational upgrade training for workers of Kentucky’s existing companies. Qualified companies include manufacturers, service and technology companies, public hospitals and training consortia.
The Skills Training Investment Credit (STIC) offers state tax credits for approved training programs for incumbent employees of companies within the manufacturing; agricultural processing; telecommunications; R&D; health care; mining; tourism, tool & die; machine technology and transportation sectors.
Applications for both programs are accepted and considered for approval by the Bluegrass State Skills Corporation Board of Directors at scheduled meetings throughout the year.
Skills Training Investment Credit (STIC)
Executive Director of Workforce Development
Workforce Specialist, Department for Business Development