Albion Posted Monday at 03:59 PM Share Posted Monday at 03:59 PM The Workforce Development and Skills Training Act 2024 Quote PLAIN ENGLISH SUMMARY: The Workforce Development and Skills Training Act of 2024 creates a national program to provide grants, tax credits, and public-private partnerships to help American workers get the skills they need for jobs in high-demand industries like advanced manufacturing, green energy, healthcare, and technology. The bill focuses on reskilling workers for the jobs of the future, especially those displaced by automation or industrial changes. Key provisions: National Workforce Reskilling Initiative: Provides grants to states, community colleges, and employers to fund vocational training programs in critical industries. Tax Credits for Employers: Employers that invest in training and upskilling their employees will be eligible for a tax credit to cover 50% of training costs, up to $5,000 per employee. Public-Private Partnerships: Encourages partnerships between private businesses and public institutions to co-fund and deliver workforce training programs. This Act is designed to be revenue-neutral, meaning it won’t add to the federal deficit. It achieves this by redirecting funds from existing workforce programs, reducing administrative costs, and phasing out ineffective training programs. The bill is intended to help American workers gain the skills needed to compete in a modern economy while maintaining fiscal responsibility. PRESS | BIO | RECORD "A nation’s strength lies in its ability to adapt while holding firm to its foundational principles. True progress is not a departure from tradition, but the marriage of innovation with enduring values." — Robert Albion R19: Robert Albion (R-OH) Link to comment Share on other sites More sharing options...
Sen. Tim Renolds Posted Monday at 04:02 PM Share Posted Monday at 04:02 PM CS Link to comment Share on other sites More sharing options...
camilodeso Posted Monday at 06:20 PM Share Posted Monday at 06:20 PM CS Link to comment Share on other sites More sharing options...
micgat Posted Tuesday at 05:09 AM Share Posted Tuesday at 05:09 AM CS HUNT.SENATE.GOV BIOGRAPHY CONGRESSIONAL RECORD "True leadership isn't about making the popular choice—it's about making the right choice, even when it's hard. The people of Maine expect honesty, integrity, and a relentless pursuit of solutions, and that's exactly what I'll deliver."- US Senator John Hunt (R-ME) Link to comment Share on other sites More sharing options...
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