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Governor Awards Marshall Co. Company Job Training Grant

Thursday, March 29, 2012 | 10:00am

COSMOLAB, INC. Awarded $9,159 TO UPGRADE SKILLS AND AVOID LAYOFFS

NASHVILLE Governor Bill Haslam and Tennessee Department of Labor & Workforce Development Commissioner Karla Davis have awarded $9,159 to Cosmolab, Inc. in Lewisburg.

“If Tennessee is going to become the number one location in the Southeast for high-quality jobs, then we must offer a well-trained workforce to employers,” said Governor Haslam. “This kind of training grant not only helps educate workers, but also provides incentive to employers looking to relocate or expand in Tennessee.” 

“Both job creation and retention are vital in maintaining a healthy economy in Tennessee, and the Incumbent Worker Training program has played a key role in accomplishing this,” said Commissioner Davis.  “Since the program’s inception, Incumbent Worker Training grants have assisted more than 600 businesses by providing $14 million to train approximately 50,000 employees.”

In their application for the grant, Cosmolab, Inc. stated this grant will help the company compete and maintain their reputation as innovators in the cosmetic markets; they must develop 40% new products each year. The new product development/implementation process will provide stage gates to help achieve goals.

“I would like to thank Governor Haslam and Commissioner Davis for their involvement in awarding this grant to the workers of Marshall County,” said Senator Bill Ketron. 

“By investing in the skills of Tennessee’s workforce, we’re also investing in our future economic success,” said Representative Eddie Bass.

The South Central Tennessee Workforce Board played a key role in awarding the grant to Cosmolab, Inc.

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.

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