260E Iowa New Jobs Training Program
Growing business and strengthening Iowa’s workforce is the goal of the Iowa New Jobs
Training Program (260E). 260E funding assists businesses that are creating new positions
through business expansion or by locating a new facility in the state. This program
provides flexible funding to increase the number of skilled workers in Iowa for a
more productive and competitive workforce.
Source of Funds
Funds are attained by the sale of bonds through the college then repaid through a
diversion of state withholding taxes that are generated by the wages earned by your
new employees. Indian Hills Community College will help you complete necessary eligibility
paperwork, assist in developing a training budget and plan. Eligible businesses are:
manufacturing, processing, assembling products, warehousing, wholesaling, or conducting
research and development.
An Example Bond Sale
- 25 new jobs that qualify for 3% withholding equals a training fund of $120,000
- Company hires all 25 and provides training plus Bond Sale Expenses = $182,000
- $182,000 in bonds sold
- Company repays Indian Hills $182,000 within 10 years
Types of Training Provided
- Basic skills training and orientation
- Job-related instruction or on-the-job training
- Skills assessment testing and training needs analysis
- Training equipment, materials and supplies
- Technical, non-technical, and safety training
- Reimbursement of training travel and related costs
- College tuition, books and fees
- Rental of training facilities
Download the 260E Program Informational PDF
260F Iowa New Jobs Training Program
The Iowa Jobs Training Program (260F) is a state sponsored program designed to assist
Iowa-based businesses with training and development for existing employees. The purpose
of the program is to foster growth of Iowa’s incumbent workforce, enabling the state’s
business and industry to remain competitive in an ever-changing global economy.
The Iowa Jobs Training Program provides forgivable loans to qualifying businesses
and will reimburse up to 70 percent of the total training cost of most training expenses.
Program funds are available on a first come, first served basis and are awarded through
an application process. Administered by Iowa’s 15 community colleges, you will work
one-on-one with an Indian Hills Business Coordinator to review eligibility and assist
with completing the necessary paperwork.
Who is Eligible?
Iowa businesses and industries eligible to participate in this program must be engaged
in the following:
- Manufacturing, processing, assembling, warehousing or wholesaling of products
- Biotechnology, renewable energy or information technology
- Conducting research and development
- Providing services in interstate commerce
Types of Training Provided
- Skill assessment testing and training needs analysis
- Basic skills training
- Technical, non-technical, and safety training
- Training-related materials, equipment, software and supplies
Download The 260F Program Informational PDF
Questions?
Please contact our CEWS Office:
641-683-5249
[email protected]
www.indianhills.edu/workforce
