Vermont Training Program
The VTP partners with employers and training providers to train Vermont's employees for the jobs of tomorrow. VTP provides performance based workforce grants for: pre-employment training, training for new hires and incumbent workers. Training can either be on-site or through a training provider/vendor. Grants may cover up to 50% of the training cost.
The VTP has been assisting with the training of Vermont’s employees for over 30 years. In FY14, the VTP served over 2,000 Vermonters. Data collected from the Vermont Department of Labor shows that these employees had a median quarterly wage increase of 11.2% after training completed. In FY13 those served by the VTP saw a median quarterly wage increase of 10.6% post training while the statewide average wage only increased by 0.1%
As of August 2014 the VTP has taken its long standing record of success and moved the program to the next level. Going forward the VTP will leverage its $1.3M grant budget to serve Vermonters in a broader spectrum of industry sectors and has improved its processes to remain flexible and increase collaboration.
Assist with the funding of employee training projects related to the development and/or production of new and innovative: products, equipment, technologies, market opportunities, or processes that will lead to significant advances in innovation and/or productivity
Have its funds supplement, not replace, existing training efforts
Assist with training new employees and training that would be critical to the retention of employees
Assist with training in skills that are transferable
Encourage wage increases for employees
Collaborate with other state Agencies and Departments in order to align efforts and leverage funding
- Align its training resources to the Vermont Statewide Comprehensive Economic Development Strategy (CEDS)