A new state grants program will reimburse businesses for part of the cost they incur to train veteran employees.
Florida employers seeking to enhance their work force will soon get a leg up on the competition with a new grants program designed to help them hire and train veterans. By easing access to an incredibly valuable talent pool this grant program will make it easier for employers to sharpen their competitive edge and enhance their bottom line.
The program will also open more doors to veterans aiming to gain a foothold in Florida’s thriving business environment—Florida ranks #2 for “best state for business” and industries ideally suited to veterans, among them aerospace, aviation, defense systems, logistics and distribution, serve as cornerstones of the Florida economy.
Features of the FL VETS Business Training Grants
The Florida VETS Training Grants Program provides grant funding to qualifying businesses for existing or customized educational programs through partial reimbursement to businesses hiring and training veterans.
Florida businesses have the opportunity to work face-to-face with a representative of a training institution in their local community. Grants are performance-based reimbursable grants and cover a 24-month maximum term.
Businesses are reimbursed for 50% of training cost, up to $8,000 per new, full-time veteran employee and the training can be completed in-house or through a third-party training provider.
How to qualify
To qualify for a FL VETS Training Grant, the Florida business must demonstrate a need for customized skills, degree- or certificate-based training of up to 24 months for new veteran employees. Preference will be given to enterprises working in a targeted Florida industry, which is typically high-skill.
How the Grants work
The business pays for the approved direct training, degree of certificate education program and is reimbursed quarterly by Veterans Florida upon the completion of training and submission of required documentation.
Veterans Florida has partnered with training institutions across the state to help process grant applications. Florida businesses therefore have the opportunity to work face-to-face with a training institution representative in their local community.
Businesses interested in a VETS Business Training Grant should request an application here. Veterans Florida or a state educational representative will help them apply for and obtain grant reimbursements through the program.
For more information about the grant, turn to these resources.