Breadcrumb

 

Main Content

Valent Aerostructures, LLC will be reimbursed for up to $275,000 in training costs following approval by the East Central College board of trustees of a New Jobs Training Program agreement.  UMB Bank will serve as fiscal agent.

 

The New Jobs Training Program provides a means for companies to be reimbursed for training costs associated with new jobs created in the state.  “We are looking forward to the opportunity to work with Valent on their training needs,” noted College President Jon Bauer. “Workforce development is an important part of our role in the community and this project is a great example of a college-industry partnership.”  By statute, only community colleges are authorized to administer the program on behalf of the company .

 

The total project cost is $335,850.  ECC will administer the funds distributed from the state to Valent and coordinate the training.  For those services, the college will receive an administrative fee of 15 percent, not to exceed $41,250.  The cost of issuance totals $19,600 for legal and bond counsel as well as trustee/bank services. 

 

Money for the New Jobs program comes from a withholding of state payroll taxes that are placed into a designated training program fund.

 

In addition to administering the training program, the college will also conduct some of the training directly and be paid for those services.  Robin Bellis, business and industry representative for ECC’s Center for Workforce Development, told trustees at their April 1 meeting that Valent has indicated an interest in ECC providing training in Excel, math and leadership skills as well as an online machining program utilizing ToolingU.

 

Valent Aerostructures supplies major, complex sub-assemblies for leading airframe manufacturers in the commercial aerospace, military fixed wing, rotocraft, missile and ground support, and general aviation industries.  The company employs 175 at its facility in Washington.

 

The application to participate in the New Jobs Training Program has been approved by the Missouri Division of Workforce Development.

 
Go back to top