Governor Awards Loudon County Company Job Training Grant
Yale Commercial Locks Awarded $15,047
NASHVILLE – Governor Phil Bredesen and Tennessee Department of Labor & Workforce Development Commissioner James Neeley have awarded $15,047 to Yale Commercial Locks and Hardware. This Incumbent Worker Training Grant is one of many to be awarded to help Tennessee companies avoid downsizing and keep jobs in the state. More than $1 million in Incumbent Worker Training Grants was awarded in fiscal year 2004-2005 benefiting more than 6,000 Tennessee workers.
“The Incumbent Worker Training Grants are essential to help Tennessee’s workers look to the future with job growth and stability,” said Governor Bredesen. “Yale Commercial Locks and Hardware is a major employer in the area. This grant will help keep this company competitive and increase the skills of their talented employees.”
"The Incumbent Worker Training Program provides grant funding for customized training for existing businesses," said Commissioner Neeley. "Yale Commercial Locks and Hardware has met comprehensive criteria to qualify for these grants. I am proud to award this grant money to keep area workers on the job."
“I praise Governor Bredesen and Commissioner Neeley for awarding the Incumbent Worker grant to Yale Commercial Locks and Hardware,” said Representative Dennis Ferguson. “This will help keep Loudon County workers employed and help improve our economy.”
“The Incumbent Worker grants are a wonderful tool for companies to train their workers in the latest technology and production skills,” said Senator Randy McNally. “Governor Bredesen and Commissioner Neeley are working hard to help Loudon County workers and employers.”
The Tennessee Department of Labor and Workforce Development administers the Incumbent Worker Training Program. The program has been structured to be flexible to meet the business's training objectives. The business may use public, private, or its own in-house training provider based on the nature of the training.
The following criteria must be met to qualify for the Incumbent Worker Training Program: Employers must be in operation in Tennessee for at least one year prior to application date. Employers must have at least five full-time employees, demonstrate financial viability and be current on all state tax obligations. Funding priority is given to businesses whose grant proposals represent a significant layoff avoidance strategy and represent a significant upgrade of skills.
The East Tennessee Human Resource Agency also contributed in awarding the grant to Yale Commercial Locks and Hardware.