New Money In Texas For Corporate Expansion And Re-Location

House Bill 108 recently passed by the 85th Texas Legislature and signed by Governor Abbott on June 1 authorizes the Texas Workforce Commission (TWC) to use the state’s Skills Development Fund to provide support services for employers expanding in or relocating their operations to Texas, effective September 1, 2017.

The money can be used for expansion in Texas or re-location from another state to Texas for employers offering complex or high-skilled employment opportunities.

It’s estimated the Fund has about $ 48,000,000M available.

The Fund will provide leadership and direction to out-of-state employers, economic development organizations, local workforce development boards, public junior colleges, and public technical institutes to address the employers’ needs for recruitment and hiring for complex or high-skilled employment positions to facilitate employers’ relocation to or expansion of operations in Texas.

The funds can also be used to award grants to a public junior college or public technical institute providing workforce training and related support services to employers who commit to establishing a place of business in Texas.

The executive director of the TWC is responsible for the distribution of grant money.

The TWC can solicit and accept gifts, grants, and donations from any public or private source for the purposes of the bill’s provisions.

The TWC can require that a recipient repay the amount received and any related interest if TWC determines that the money was not used for the purposes for which the money was awarded.

http://www.twc.state.tx.us/partners/skills-development-fund

 

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: