Workforce Training Voucher Program
The Ohio Development Services Agency is launching round two of the Ohio Incumbent Workforce Training Voucher Program. A pre-application is now available for businesses who want financial help to train their current workforce. This program will make $30 million in Fiscal Year 2014 available for employers to train their workforce. $27 million in grants will be awarded on a first-come, first-served basis. The remaining $3 million will be used for loans. Applications for the grant program will be accepted for review on September 30, 2013.
The training voucher program is designed to offset a portion of the employer’s costs to upgrade the skills of its incumbent workforce and will provide reimbursement to eligible employers for specific training costs accrued during training. August 1, 2013 or later and must be completed by June 30, 2014.
To learn more about the Ohio Incumbent Workforce Training Voucher Program, including program guidelines and instructions, visit: http://www.development.ohio.gov/bs/bs_wtvp.htm
City of Dublin Local Incentives
Dublin prides itself in offering incentives tailored for each company, because the “one-size-fits-all” approach just doesn’t apply. We understand the unique needs companies face in retention, expansion and relocation decisions. We base our incentive offerings from data such as annual payroll figures, employee numbers, project investment and growth projections. We recommend a consultation with our economic development team to better ascertain the City’s potential incentive investment for your specific project.
The City is willing to consider financial incentives to assist with land acquisition, which could buy-down or potentially eliminate initial land expense commitments. We also own approximately 200 acres in the northwestern portion of the city. These properties are certified by the State of Ohio as Job Ready Sites and are appropriately zoned with an administrative approval process in place for ease of office, research and lab development.
Our plan-review team will work alongside the project’s designers with the intent to streamline the timeframe through the permitting and construction phases.
The City may offer growing companies annual performance-based cash incentives based upon a percentage of actual payroll withholdings (2% of wages). Using job and payroll growth figures provided by the company, we may propose multiple-year term annual payments equivalent to a set percentage of the total annual payroll withholdings paid to the City.
The City can help with growing pains. We may provide a Technology Grant and/or Relocation Grant, to offset moves and/or technology upgrades to facilities.
We welcome and encourage companies to build “green” by providing a Green Building Grant. This cash grant is payable upon receipt of LEED certification. Certification, at any level, must be obtained to receive this incentive. The grant is scalable depending on the level of LEED achieved and size of facility being constructed/renovated.
The City of Dublin possesses 120 miles of 96 single-mode optical fibers looping throughout Central Ohio, also known as Dublink. These optical fibers are placed within underground conduit throughout the entire system. A pair of optical fibers is valued at $200,000 not counting the ongoing avoided costs of owning/operating your own broadband system. These optical fibers can provide a unique opportunity to interconnect multiple facilities within reasonable proximity to the optical fiber route. Some benefits to connectivity:
- Telecommunications and data services can be “bundled” among all connected facilities and carried directly to multiple carrier hotels and data centers where direct connectivity can be made to multiple telecommunications carriers, thereby avoiding carrier and other related costs; and
- The optical fiber can be used as a redundant system to any other circuits or other means providing data/telecommunications services.
The City of Dublin can aggressively provide necessary road and utility improvements. We have a Five-Year Capital Improvements budget that is robust and flexible. The City has more than 20 established Tax Increment Financing districts, which have already funded significant improvements to our public infrastructure.
Please note – each negotiation is unique based on company needs, and yields different outcomes. All incentives require approval from Dublin City Council.