Oct 09, 2024

Funding available to help employers better develop their workforce

Posted Oct 09, 2024 4:14 PM

By MATT PIKE

St. Joseph Post

Funding opportunities to help in workforce development have been created across the state of Missouri.

Small Business Development Center director Rebecca Lobina says workforce development is not only helpful for employees, but also their employers

"But for the company, the company also could make more money," Lobina tells KFEQ Hotline host Barry Birr. "Because it's been shown that businesses that invest in one way or another in professional development for their employees have increased productivity, higher profit margins by 24%."

Lobina says there are also several funding opportunities to help businesses provide this development to employees.

Lobina says one option is the Workforce Investment Opportunity Act. Lobina says if a business sees a struggling employee, they can contact the Missouri Job Center to see if they are eligible to utilize the act

"While they continue to work for you, they could also be increasing their skill level by taking an online course or something that is paid for through this Workforce Investment Opportunity Act," Lobina explains.

Lobina says there are several funding options available to help in workforce development including the Missouri Fast Track, MyCAA, and Great Jobs KC.