Plano businesses are eligible for training grants from the Texas Workforce Commission (TWC) Skills Development Fund. The Skills Development program enables businesses to receive customized training for existing employees or for programs tailored to develop critical skills for new hires.
A business may be eligible to receive a training grant by partnering with a community college, technical college, or other institution of higher learning. Training grants are awarded through the educational community, and are used to define and create training programs geared toward increasing the skills and experience of the local workforce. Programs can be customized for a particular business requirement or to develop new skills for future industry needs.
During Fiscal Year 2008 (September 1, 2007 - August 31, 2008), TWC awarded 41 statewide grants totaling $22,772,673, which served 148 businesses, generated 7,984 new jobs and upgraded the skills of 11,705 workers in existing jobs. For Fiscal Year 2009, TWC has $25 million in Skills Development Funds to support high quality, customized job training projects across the state. Grants for a single business may be limited to $500,000.
Collin College has received nine Skills Development Fund grants totaling over $6 million in the past eight years. Most recently, the college was awarded more than $563,000 from the Texas Workforce Commission. This grant is being used to develop a variety of training initiatives for Collin County businesses that have requested specialized training for their employees.