New Jobs & Job Training

Job Training

Iowa's unique job-training programs can provide any training services required by a business for new employees. The Iowa New Jobs Training program provides funds for:

• Screening, skills assessment and testing.
• Travel for new employees to training, anywhere in the world.
• On-the-job training reimbursement of 50% of the new employees' wages and fringe benefits during the training period.
• In-plant instruction by company instructors.
• Costs of training facilities, equipment, materials and supplies.

The Iowa New Jobs Training Program provides customized classroom instruction, on-the-job training and other training activities for employees in newly created jobs. All training is tailored to the company's special needs. The amount per employee varies depending on the wage to be paid. Traditionally the amount is approximately $2,000 - $2,500 per job.

New Jobs Training Program Tax Credit

Businesses entering into an agreement under the state's jobs training program and increasing their work force by at least 10% may qualify for this credit on their Iowa corporate income tax. The credit for 2007 is $1,320 per new employee. The tax credit can be carried forward up to 10 years.

High Quality New Jobs Program

The High Quality New Jobs Program provides a series of investment tax credits, sales tax refunds, research and development credits and property tax abatements based on a graduated scale of capital investment and job creation. Qualifying jobs must provide combined compensation and benefits equal to or greater than 130% of the county average wage.