Federal Money Remains for Tennessee Businesses Looking to Avoid Layoffs

The state labor department still has money left for businesses wanting to avoid layoffs, so long as they’re willing to spend their own money on training employees.

The federal grants of as much as $25,000 are supposed to be used to give employees new skills instead of letting them go.

Spokesman Jeff Hentschel says the state wants the money to benefit communities that have been hit hard by job loss, particularly in manufacturing. But to qualify, businesses still have to be financially viable. He says companies have to match the federal money, which isn’t always possible.

“That’s the catch 22. If you’re looking for reducing your workforce you might not necessarily have the funding to train your employees.”

If the company does end up laying off workers, the money is cut off.

Half of Tennessee’s million dollar fund is still available.

Two Davidson County companies – Fiberweb and Fiserv Solutions – have received the grants to avoid layoffs. A link to the full list of recipients is at wpln.org.

Please keep your community civil. Comments will be moderated prior to posting, and Nashville Public Radio reserves the right to approve them at its discretion. Comments containing links promoting goods, services - even noble organizations - will not be published. Your comments may include external links, but all comments with links will be delayed as they are reviewed. Comments containing profanity will be rejected.