Skills Training Investment Credit (STIC)
Program Description
The BSSC's STIC program's basic purpose is to improve and promote employment opportunities for the
residents of Kentucky through tax credits with business and industry. The STIC program provides tax
credits to companies for company specific training activities. To be considered, a company must
complete and submit an application the BSSC Board of Directors. Once the application is
preliminarily approved by the board the company can begin eligible training.
Project Funding
The maximum funding amount for individual companies is $500 per eligible employee or $100,000 per
BSSC biennium (July 1, 2008- June 30, 2010). The BSSC has a maximum of $2.5 million per fiscal year
to award to eligible companies as tax credits.
Eligible Firms
The company must have been engaged in one of the following qualified activities within Kentucky for
not less than three consecutive years immediately preceding the submission of the application:
manufacturing including the processing, assembly, production or warehousing of any property;
processing of agricultural and forestry products; telecommunications; health care; product research
and engineering; tool and die and machine technology; mining; tourism and operation of facilities to
be used in the entertainment, recreation and convention industry; transportation in support of
manufacturing. Any company whose primary purpose is the sale of goods at retail shall not constitute
a qualified company.
Eligible Training
The following training type is allowed under BSSC guidelines: Skills Upgrade Training. The following
are examples of eligible training activities and methods: classroom & OJT, innovative training
techniques, individual assessment, train-the-trainer travel, tuition, training equipment,
mandated/safety training and employee wages. Pro/con union training and retroactive training are not
eligible.
Training Costs
The BSSC provides tax credits for 50% of customized training programs. This training can be provided
in-house, by a consultant, or by an educational institution. BSSC will provide credits up to $25 per
hour ($50 p/h total training) for all in-house training. Consultant & Education Provider rates vary
from $45-$100 per hour. To view specific rates, refer to our
STIC guidelines.
Eligible Employees
Participants in the STIC program must be residents of Kentucky who are full-time employees of the applying
company. Eligible employees must make a minimum of $9.83 per hour base wage plus 15% benefits.
Application Scoring
STIC applications are not scored but are considered on a first come, first serve basis.