061- There's Hidden Money in Workplace Training w- Barry Menzel

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Training employees costs money!  But there's hidden money in training and you can get your share from the state of CA once you understand how it works and who can help.  Today's show introduces Barry Menzel of Training Funding Source.  Barry finds hundred's of thousands of dollars for businesses who train their employees and he's going to tell you how!

How It Works
We secure your training funding. You decide the type of and topics for your training.

Eligible training includes in-house training activities you are already doing or outsourced training programs.

Training funds are drawn from the Employment Training Panel (ETP) and earmarked for “retraining” workers whose companies need to upgrade systems, skills and / or processes to remain competitive.

Reimbursements are paid directly to you for each and every year you are in the program.

You must apply for funding and be approved for it by the State of California. We handle all the necessary paperwork, we represent you with the EDD, and manage the process end-to-end.

We provide a complimentary evaluation to determine what funding is available for your current employee training programs.

Our services to secure your funding are provided at no financial risk, with no out of pocket costs to you. Our fees are based on a percentage of your actual reimbursement, and are contingent on you receiving funding and completing the approved training.
Internal resources, typically your Human Resources staff, will need to complete some of the training documentation paperwork to track that the training has actually been completed. This is an ongoing process needed for reimbursement, but TFS supports your processes and secures your subsidy dollars.




Who Qualifies for Training Funding?
If you are a California employer, you may qualify for a training subsidy from the State of California Employment Development Department.  The revenue your company receives can range from $500-$1000 or more per employee per year.

Would your company benefit if your employees improved their ability to innovate, utilize new technologies, improve customer relations, and more effectively identify customer needs?

The State of California provides millions of training dollars each year to enable companies to become more competitive in regional, national or international markets companies to offset the cost of employee training. Many California businesses are unaware of this opportunity to make improvements with subsidies from the State.

Priority/Targeted Industries:

• Crop Production
• Utilities
• Construction
• Manufacturing
• Wholesale Trade: Transportation Equipment/Supplies & Recyclable Material
• Transportation & Warehousing: Freight Air, Rail, Deep Sea, Coastal, Pipeline, Support for Air, Rail, Water, Freight Transportation Arrangement, Packing and Crating, Couriers and Express Delivery Service, Warehousing, Storage
• Information: Publishing (Internet, Software, Music, Newspaper, Periodical, Book). Motion Picture, Video, Record Production & Distribution, Teleproduction, Postproduction, Sound recording studio, Radio network, Cable, Subscription programming, Wired Telecommunications Carriers, Cellular, Satellite, Resellers, Data Processing, Hosting, Broadcasting & Web Search Portals
• Professional, Scientific, Technical: Architectural, Engineering, Drafting, Surveying, Mapping, Geophysical, Non Testing Laboratories Custom Computer Programming, Computer Systems Design, Computer Facilities Management Consulting in Process, Physical Distribution, Environmental, Logistics, Scientific, Technical. Research and Development in Physical, Engineering and Life Sciences
• Remediation
• Materials Recovery Facilities
• Health Care and Social Assistance: Outpatient Care Centers; Family, HMO, Substance, Kidney, Medical and Diagnostic Laboratories, Home Health Care, Ambulatory, Hospital, Nursing and Residential Care Facilities  
•  Headquarters providing support to 25% or more of overall revenue, operations, offices, branches, stores, franchises or employees located outside California.
• Hotel, Destination resort, Convention / Conference Center with 25% or more of revenue from out of California visitors.
• Call Center with 25% or more of volume originating outside of California
• Service companies provided the trainee earns at least the State average minimum compensation.
• Out of State Competition
  Your company may qualify for benefits of Out-of-State competition if 25% or more of revenue is attributable to customers / clients / projects located outside California – or, if your company faces significant competition from three (3) companies located outside California, with no physical locations in California.

Training Funding ServicesTraining Funding Source® is your comprehensive Training Funding solution provider. We complete all eligibility, application approval, and implementation steps. We organize your funding project from start-up through roll-out.
We oversee all project application, development, implementation and administration, including:

• Enrollment Data Collection
• California State Application Development
• Program Documentation
• Program Systems and Procedures
• Training Schedule
• Subcontractor Agreements
• Record Keeping
• Training Documentation Organization
• Manage State Analyst Review Meetings (agendas, checklists, pre-review records and documentation for monitoring meetings)
• Program Income & Expense Statement

Read about the Founder- Barry Menzel in the California Business Journal 

Watch the video explaining how Trading Funding Source works