Iowa Industrial New Jobs Training Program (260E) provides customized classroom instruction, on-the-job training and other training activities for employees in newly created jobs. An employer may be reimbursed up to 50% of new employees' wages for on-the-job training. All training is customized to the company's special needs. Community colleges finance the program by the sale of tax-exempt bonds which are repaid by the tax revenue generated by the salaries and capital invested to support the new jobs. As a result, company profits are not used to repay the bonds. More Information For more information on State of Iowa financial assistance programs, visit the Iowa Department of Economic Development website. You can find more programs by visiting the State of Iowa Financial Assistance Programs webpage
