Training and Certification

Rubel Khan's Blog

National Emergency Grant (NEG) program

Posted by Rubel Khan on August 20, 2009

The Federal NEG program is designed to help the former employees of 31 financial service businesses who were dislocated as a result of the mass layoffs in 2008. Each individual displaced from their position after May 31, 2008 can qualify for a grant up to $12,500 worth of career training.

This grant is for training purposes as part of the State’s Eligible Training Provider Program. Only Institutions registered with their State Board of Education can administer training. NetCom Information Technology provides top quality IT training and is a member of the State’s Eligible Training Provider Program.

This is a time sensitive program and this National Emergency Grant will expire soon.

Which Previous Employers were Selected for this Program?

Alliance Berstein LP Bank Hapoalim
Bank of America NA Bank of New York
Barclays Capital, Inc. Bear Stearns & Co. Inc.
Capital One National Assoc. Citibank NA
Citigroup Global Markets Commerce Bank
Countrywide Funding Corporation Credit Suisse Securities
Financial Guaranty Insurance Company GE Capital Corporation/Citi Capital
Goldman, Sachs & Company HSBC Bank USA National Assoc.
Indymac Bank JP Morgan Chase
JP Morgan Chase Bank NA JP Morgan Securities, Inc.
Lehman Brothers, Inc. McGraw Hill Company
Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith
Morgan Stanley Radian Asset Assurance, Inc.
Teachers Insurance & Annuity Assoc. UBS Investment Bank
UBS Securities UniCredit Banca di Roma
Washington Mutual Bank  

Who qualifies to receive this Grant?

  • Employees who worked for the above 31 companies which were dislocated after May 31, 2008
  • Individuals in need of training to advance their career.
  • You do not have to be unemployed to qualify for this training.

How do you receive this Grant?

  1. Contact your local Employment Office to obtain the necessary NEG paperwork.
  2. Fill out the forms and return them to your local Employment Office.
  3. Start your classes!
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One Response to “National Emergency Grant (NEG) program”

  1. Clifford Moore said

    Great! Too bad I live at Riverside, California. I can’t get any help from them to even get the form to fill out. Can’t find the form anywhere. I called them twice and they say what form. each week they tell me to call back next Thursday and they are closed on Friday’s. Today they said call back in 2 weeks. I want to take Oracle training at Netcomm, guess I can forget about that.

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