Louisiana FastStart Program - Is a single-source workforce solution that works with businesses to anticipate and address the company's workforce needs early in the startup or expansion process.
- Eligibility: any manufacturing, corporate headquarters, warehouse and distribution, research and development or other strategic facility that commits to creating at least 15 new jobs, or any service-related operation that commits to creating at least 50 new jobs.
On-the-Job Training Program - The On The Job Training Program provides up to 50% reimbursement of wages to employers for either new hires or skills upgrades for existing employees. Wages of $10 or more per hour may be reimbursed for the time it takes to learn the necessary skills with a maximum of $2000 per participant
Incumbent Worker Training Program (IWTP) - Designed to benefit Louisiana employers by assisting in the skill development of existing employees and providing funding for customized workforce training
- Funded by Unemployment Tax contributions at $35 million annually
- Eligibility: a business must have operated in Louisiana and contributed to the state's Unemployment Insurance System for a minimum of 3 years and an employer or a consortium of employers with similar needs must have at least 15 employers to be trained
Small Business Employee Training (SBET) Program - Designed to benefit Louisiana employers by assisting in the skill development of existing employees and providing funding for training
- Provides $3000 per employee, per fiscal year for a wide range of standardized workforce training
- Funded by Unemployment Tax contributions at 2.3% of all IWTP funds available
- Eligibility: limited to businesses with 50 or fewer employees. A business must have operated in Louisiana and contributed to the state's Unemployment Insurance System for a minimum of 3 years
Small and Emerging Business Program - Helps Louisiana's small businesses by funding up to 50% of the cost of entrepreneurial & computer training (as well as other technical assistance such as legal needs, marketing, and accounting).
- Eligibility: 51% owned by one or more Small and Emerging Business Person (US citizen, 1-year+ LA resident, with a net worth under $400K). Primary business must take place in Louisiana and managed by full-time employees of applicant firm. Business' net worth many not exceed $1.5 million and they must be creating new full-time jobs.
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