EDGE Training Incentives
Additional credits are also available as reimbursement for qualifying training costs. Ten percent of eligible training costs of newly hired full-time employees’ positions at the project may also be included as part of annual credits. Qualifying credits are identified as costs incurred to upgrade the technological skills of full-time employees in Illinois and include:
- Curriculum development;
- Training materials (including scrap product costs);
- Trainee domestic travel expenses;
- Instructor costs (including wages, fringe benefits, tuition and domestic travel expenses);
- Rent, purchase or lease of training equipment;
- And other usual and customary training costs.
Note: Training costs do not include costs associated with travel outside the United States (unless the taxpayer receives prior written approval for the travel by the Director based on a showing of substantial need or other proof the training is not reasonably available within the U.S.), wages and fringe benefits of employees during periods of training, or administrative cost related to full-time employees of the taxpayer.
Training costs, as part of the tax credit amount, are calculated on a case-by-case basis and processed annually.