Tustin, CA (PRWEB) March 17, 2012
Training Funding Partners (TFP) has been delivering funding for training cost reduction to companies since 1994. While businesses continue to deliver employee training to increase job skills, support the roll out of new products, processes and procedures, and comply with other requirements, the increasing skills gap faced by companies requires them to expand their training programs at a time of training budget reductions and related cost pressures. The skills gap is particularly acute in selected high-growth, high-skill industries which place heavy reliance on skilled positions to remain competitive. To help American businesses utilize U. S. workers instead of needing to employ H-1B nonimmigrant visa program workers, the federal Department of Labor has just announced a new round of funding to “provide U. S. workers with the training they need to succeed in the high tech, high-growth jobs of the future”.
Mark Coleman, TFP’s CEO, describes how this funding has been allocated and can benefit American workers. “Targeted industries for this latest round of funding include selected occupations in health care, advanced manufacturing, information technology, telecommunications, insurance and STEM. These grants are funded through fees paid by employers to bring foreign workers into the United States under the H-1B program. There is no requirement, however, for a participating business to have utilized “H-1B” workers currently or in the past.” Mr. Coleman further states that “grant awards have been made to specific grantees located in a specific region, state, or group of states. These grants range from funding to provide on-the-job training to funding for participants who have been identified as long-term unemployed.”
TFP will be monitoring additional information about the grants as it becomes available, and would be pleased to assist employers with initial inquiries into how they might be eligible and available to participate in this special Department of Labor funding, and the next steps to take.
About Training Funding Partners
Training Funding Partners is the nation’s leading standalone provider of training reimbursement funding to industry. Its services enable companies to focus on developing and delivering their training while TFP works on a performance-fee basis to bring cash flow and cost reduction to its clients.
Contact: Mark Coleman, CEO