Home > About the State of Iowa > Example of Support for New Jobs Training Programs 100 new employees with an individual hourly labor rate of $15.00 Total funding available $463,000 (A part of the withholding tax generated from new employment is used as the revenue source.) Wages & fringe benefits during training period $218,000 Salary for lectures of a company for quality improvement training $50,000 Travel expenses for newly hired employees to get to the training site $100,000 Salary for college lecturers for security training $45,000 Training program computer software materials $50,000 $136,800 ■ Companies that use the new job training programs and increase their employment by at least 10% are qualified for this tax deduction. This deduction is applied to the corporate income tax in Iowa. ■ Expected deduction of new employment tax is calculated based on the premise of $1,368 per job deducted in 2008 and one hundred new jobs. $599,800 Fifteen community colleges in Iowa respectively manage/operate the Iowa New Jobs Training Program. Funds that can be used for training sometimes differ among community colleges. However, when the starting salary of new employees is equivalent to the average wage of the county or the average wage of the region, whichever is lower, a company can use twice as much as the amount of tax withheld to support the related training. Eligibility hinges on the one-time assessment of the starting salary conducted by a community college.