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Investor Presentaiton

COJG Program Description 3 The Grant provides direct financial support to individual employers who wish to purchase training for their workforce. Employers choose the individuals they would like to have trained, and the training that meets their workforce development needs It is delivered through cost-sharing agreements between individual employers and government: Large employers (100 or more employees) pay at least 1/2 of direct training costs. Note that there is additional flexibility for small employers (fewer than 100 employees) to contribute 1/6 of eligible training costs. For large employers, Government covers 1/2 of direct training costs, up to $10,000 per trainee. Small employers who are training and hiring unemployed individuals may be eligible for 100% funding and up to $15,000 per trainee. The applications with "New Hire" trainees will be automatically assessed for 100% funding. The maximum support for textbooks, software and other training materials are $500 for each trainee. The maximum allowable support for travel costs are $500 per trainee and is only supported when the distance travelled is greater than 24 km each way. If the employer has a travel costs policy, travel costs will be supported according to the employer's policy up to the maximum $500 per trainee. Note: Employers are solely responsible to cover the cost of training that falls under the employer financial contribution. Employers must not ask their trainees to cover any of the training costs. Canada-Ontario Job Grant- Employer Overview Presentation Ontario &
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