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I missed the “Free Money” Workshop in Riverton last month. Can you tell me if there really is “Free Money” in the State? M. Dollars, Dubois, WY.

Nov 12, 2009

Sorry you missed the workshop Ms. Dollars, but it’s true. There is “Free Money” in the State and it is fairly easy to obtain. A terrific opportunity to business owners (with or without employees) is the Wyoming Department of Workforce Services, Workforce Development Training Fund program. The program may be able to assist new and existing businesses by providing up to $2,000 per employee (owners are considered employees) per fiscal year for established businesses who need a skill upgrade or retraining. The program may also provide between $1,000 and a maximum of $4,000 per employee per fiscal year for new or expanding businesses, depending on the employee's full-time status and wage amount. In order to register the business and submit an application for a grant, businesses must be in good standing with the Wyoming Department of Employment, Unemployment Insurance and Workers’ Compensation. The business must complete the “Joint Application Form” with the Department of Employment. Prior to applying for a grant, regardless of entity type (sole proprietor, LLC, Corporation, etc.), even if the business has no employees. This process can take up to two weeks. A business currently registered with the Wyoming Department of Employment does not need to re-register in order to apply for a Business Training Grant. Time is of the essence when applying for a grant. The program provides a date calculator under “What do I need to know about preparing an application.” This will let applicants know when an application can be submitted based on the start date of the training. Applying one day late can make the difference between receiving the grant or not. A business currently registered with the Wyoming Department of Employment does not need to re-register in order to apply for a Business Training Grant.

 

Another great “Free Money” opportunity is the Wyoming Business Council, Trade Show Incentive Grant Program. The Wyoming Business Council Trade Incentive Program exists to encourage Wyoming businesses promote and sell their products to statewide, national and international audiences. The Trade Show Incentive Program is a reimbursable grant; and as such, the applicant must pay all expenditures before the grant award can be disbursed. The business shall function independently in performing this activity and shall assume sole responsibility of any debts or liabilities that may be incurred in regard to this trade event. The grant award cannot be assigned.


Please keep in mind the program has a limited amount of funds. Money will be dispersed on a first come, first serve basis. Tell me about any “Free Money” your business has received.



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Category: Funding

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