Description
The Industry-Driven Skills Training Fund Grant Program provides grants to State Workforce Agencies to form partnerships with eligible employers in key industry sectors to provide outcomes-based reimbursement for actual training costs associated with providing skills training to their employees. The program aims to address critical workforce needs for in-demand skilled trade careers and in high-growth and emerging industries. The grant program will provide funding for training programs that offer an appropriate and relevant combination of training and education services and/or work-based learning activities. The program has a period of performance of 45 months, with an anticipated start date of October 1, 2025.
Key aspects of the program include:
• The program will provide grants ranging from $3 to $8 million to support training in key industries such as skilled trades, shipbuilding, advanced manufacturing, and information technology.
• The program will require a minimum of 90% of grant funds to be used for reimbursing employers for allowable training costs.
• The program will have a 60-day project planning phase to finalize the Statement of Work, budget, and performance outcomes.
• The program will require grantees to submit quarterly financial and performance reports.
• The program will have a focus on leveraging resources and partnerships to support the development and implementation of the grant project.