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QRT BENEFITS

  1. QRT functions as an incentive. It lures both new and expanding, value-added industries to the state.

  2. QRT is performance-based. The company must first create the new jobs and hire and train the new employee before any training costs are reimbursed.

  3. QRT provides for a skilled workforce. The new hires earn a salary while learning skills that will increase their employability now and in the future.

  4. QRT increases the company's ability to succeed. The company gains skilled employees for their operations and reports increased profitability from enhanced employee productivity, lower turnover, decreased absenteeism and reduced downtime.

  5. QRT is customer-driven. The program provides reimbursement to the company for customized, industry-specific training, not available at the local level.

  6. QRT is flexible. Training can be conducted through a variety of educational outlets or on site at the company's facility. Instructors can be professional educators, industry professionals or company in-house staff.

  7. QRT is cost efficient. Reimbursement of training costs cuts down on company's up-front costs and allows them to expand their operations.

  8. QRT is responsive. Applicants for funding are approved within three to five days.

  9. QRT provides specialized incentives to businesses located in rural counties/communities, enterprise zones, brownfield areas and distressed urban areas. Average wage requirements are relaxed for projects expanding in these areas. In addition, funds are set-aside for businesses creating new jobs in enterprise zones and brownfield areas.