NC Commerce

Workforce Development, Department of Commerce

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STP Ventures Builds Its Workforce

NCWorks Grants Helped This Company Grow

Formed in 2009, STP Ventures, LLC provides superior IT services to businesses at an affordable price, but one thing it had trouble finding was an affordable way to train its employees.

The company has experienced steady growth since its launch and has built relationships with more sophisticated clients. The company wanted to upgrade the technical skills of two employees and help them earn internationally recognized certifications so STP Ventures could not only equip them with the necessary technical skills but would also allow the company to market its services to potential clients. The company applied to the Centralina Workforce Development Board for training assistance through the NCWorks Incumbent Worker Training Grant program.

"The training allowed us to increase our employee knowledge, which in turn increased comfort and confidence working with larger business," said Patrick Wright, managing partner of STP Ventures. "Since the training, we have expanded into a new vertical, targeting larger companies than our client base prior to the training."

The IWTG program reimburses participating businesses for the cost of training their workers, enabling employers to strengthen their in-house talent and improve productivity. Grants are awarded to North Carolina employers twice a year and are one of the many services offered through local NCWorks Career Centers to help businesses find the talented workers they need to grow.

The company was awarded grant funds for training two employees in five components of Cisco Network Devices, as well as troubleshooting and maintaining Cisco IP networks. Today, STP Ventures has been able to leverage its additional capability into a new line of service. It recently landed the largest contract in the history of the company, and officials are excited about the potential to gain additional business. The company plans to market the skills its employees learned through the IWTG program and increase its revenue stream by becoming a more diversified company.

"We were very pleased with the assistance from the Centralina Workforce Development Board in educating us on what was available," Wright said. "We appreciated in-person meetings and availability of staff, which many other programs did not offer."

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