Due to finite funding and an unprecedented increase in participation in the Workforce Training Fund Program (WTFP), there will be less funding available for new grants beginning in Fiscal Year 2025 (July 2024 - June 2025). To manage these limited resources, we are implementing policy changes designed to extend support to more businesses and sustain grant availability throughout the year.
Starting with applications submitted after November 1, 2024, at 5pm, the WTFP Express Program will introduce the following updates:
1. Funding Cap: A maximum of $15,000 per business per calendar year.
2. Subsidy Limit: A cap of $300 per instructional hour, with a maximum of $3,000 per person per course. Any remaining costs must be covered by the business.
3. Tiered Reimbursement Structure:
- Up to 100% reimbursement for businesses with 1-50 Massachusetts employees.
- Up to 50% reimbursement for businesses with 51-100 Massachusetts employees.
Note: An exception will apply for businesses with 51-100 employees seeking reimbursement for English for Speakers of Other Languages (ESOL) training. These ESOL courses must be tagged as such in the Directory.
These adjustments will enable the WTFP to extend its reach to more small businesses while ensuring timely access to training resources. We appreciate your understanding and continued partnership.