JOB RETENTION & RETRAINING
The Missouri Community Colleges’ Job Retention and Retraining
Program provides assistance to Missouri employers that are
retaining vital jobs in the state and who have demonstrated
their commitment to economic growth by making a capital
investment in their facility. Your company may apply for funding
of up to 100% of costs for eligible activities associated with
retraining workers.
Eligible Applicants
Your company is qualified to apply if it fits one of the following criteria:
- is located in a border county of the state and represents a
potential risk of relocation; or
- is determined to represent a substantial risk of relocation
from the state by the Director of the Missouri Department of
Economic Development.
and fits all of the following criteria:
- has maintained at least 100 employees per year at the
employer’s site, for each of the two (2) calendar years
preceding the year in which application for the program is made;
- has retained at that site the level of employment that
existed in the taxable year immediately preceding the year
in which application for the program is made;
- has made, or agrees to make, a capital investment aggregating
at least one million dollars to acquire or improve long-term
assets (including leased facilities) at the employer’s site
over a period of three consecutive calendar years, and either
have made substantial investment in new technology requiring
the upgrading of workers’ skills.
Application Procedure
To initiate the application process, your company should submit a
description of the net new jobs being created and a preliminary training plan for those positions.
Based on that information, MCC Business & Learning Solutions will
submit a Notice of Intent for the project to the Division of
Workforce Development, which then will review the notice to
determine company eligibility and check for training duplication.
Then, MCC will work with you to submit an application outlining
training details. Upon approval of the application by the DWD,
you will move forward with the training plan.
Funding Details
The Job Retention and Retraining Program
enables community colleges to sell certificates that will be repaid
using tax credits from the employer’s regular withholding. The tax
withholding is equal to 2.5% of gross wages for the first 100 retained
jobs, and 1.5% of gross wages for the remaining retained jobs.
The funding generated from the certificates can be used for
retraining activities for existing employees. The tax credit
for projects in excess of $500,000 may be claimed up to eight years,
and those projects not in excess of $500,000 may be claimed up to
ten years. Funding is used to reimburse eligible training costs and
costs associated with the issuance of the bonds.
Additional Information
Andrew Filla
Program Director
(816) 482-5294
Andrew.Filla@mcckc.edu