QRT functions as an incentive. It lures both new
and expanding, value-added industries to the state.
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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.
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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.
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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.
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QRT is customer-driven. The program provides reimbursement
to the company for customized, industry-specific training,
not available at the local level.
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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.
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QRT is cost efficient. Reimbursement of training costs
cuts down on company's up-front costs and allows them to expand
their operations.
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QRT is responsive. Applicants for funding are approved
within three to five days.
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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.