In the modern workforce, businesses continually seek innovative ways to attract and retain top-tier talent. Recognizing this need, Elevate Rapid City highlights three workforce grants designed to support businesses in the region while simultaneously fostering growth opportunities for skilled individuals. Continue reading to learn about the grant options provided by Elevate Rapid City:
Elevate Relocate Grant
Highly skilled and qualified workers are harder to come by than ever. The Elevate Relocate Grant is here to provide reimbursement dollars for Black Hills area employers that bring talent from outside South Dakota to live, work, and enjoy the Black Hills.
The grant covers moving expenses such as logistics coordination, travel costs, temporary storage, rental or housing assistance, and real estate services. Employers can apply for reimbursement of up to $2,000 per new employee, not exceeding 50% of the total incentive. With a maximum grant amount of $4,000 per employer per year, businesses can seize the opportunity to expand their workforce without financial constraints.
Build Dakota Matching Grant
Revitalize the skills of your current employees or access talent as they learn your trade at one of the state’s four technical colleges by harnessing the power of the Build Dakota Scholarship Industry Partners Program.
Elevate Rapid City's initiative halves the cost responsibility for Industry Partners, making it a lucrative opportunity to secure skilled scholars for future employment. Whether post-graduation or during part-time work-based learning, businesses can shape their talent pipeline while addressing current workforce challenges. This symbiotic relationship between businesses and educational institutions ensures a steady influx of skilled professionals, paving the way for sustained growth and innovation.
Elevate Internship Grant
The Elevate Rapid City Internship Incentive Grant Program empowers local employers in the Rapid City region to cultivate a creative talent pipeline by providing financial incentives to offset the costs of internship programs, fostering the growth of a dynamic and skilled workforce.
Employers can receive reimbursement of up to $1,500 per intern, covering fifty percent of the intern's hourly wage or total payroll over a six-month period. With a maximum grant amount of $3,000 per employer per year, businesses can leverage internships to provide hands-on experience to high school or college-level students while alleviating financial constraints. By participating in this initiative, businesses not only foster their own growth but also contribute to the overall success of Rapid City's business community.
By providing financial assistance and incentives, Elevate Rapid City works to empower businesses to attract, retain, and develop skilled professionals while maintaining a dynamic workforce for the future. Seize the opportunity to elevate your business and talent today with an Elevate Grant.