Iowa Jobs Training Program (260F)
The Iowa Jobs Training Program (260F) helps businesses fund training for current employees. Remain competitive within your industry by providing your workers with resources to maximize their skills and productivity.
To be eligible for funding, your business must:
Be located in or relocating to Iowa.
Engage in interstate or intrastate commerce for the purpose of manufacturing, assembling, warehousing, wholesaling, or conducting research and development.
Not have closed or reduced employment at other business sites in Iowa to relocate the same operation to another area of the state.
- Pay Iowa withholding taxes for employees.
How does the program work?
The 260F program provides forgivable loans to Iowa businesses needing to train current workers. A loan is forgivable if your business completes its training program and trains a specified number of workers. Project awards are limited to $25,000 per business site, to a maximum of $50,000 over a three-year period (dependent upon the availability of funds). Your business is required to provide at least forty percent of the training program cost as a cash match.
What kind of training is allowed?
The Corporate and Business Solutions team works with each business to create a training plan that fits the training needs of the business. The training plans addresses skill gaps in the workforce and potential business growth opportunities yet complying with guidelines set by the Iowa Jobs Training Program to foster the growth and competitiveness of Iowa’s workforce and industry by ensuring that Iowa’s workforce has the skills and expertise to compete with any workforce outside the state of Iowa.
Training allowed under the Iowa Jobs Training program ranges from Health and Safety; Quality Assurance and Efficiency; Computer and Technology; Heavy Equipment and Transportation; Skilled Trades and Advanced Manufacturing; to Workplace Advancement and Professional Development.
How do I get started?
Hawkeye Corporate and Business Solutions staff will help you with your application and determine a training program to suit your needs.