Iowans looking for help landing a good paying job received a boost after changes to the state’s apprenticeship training program became law.
Iowa’s apprenticeship training programs will receive an additional $2.75 million to help ensure Iowans have the skills they need to land good paying jobs. The bill also changed the formula so that it is based on students finishing apprenticeship programs, which will reward apprenticeship programs with good retention and completion rates.
The legislation also funds the High Quality Jobs (HQJ) program at the Economic Development Authority. Under HQJ, qualify businesses receive tax credits or direct financial assistance for projects that lead to job creation. The amount of money a business can receive is tied to the number of jobs created or retained. The jobs created must in most cases pay at least 120 percent of the area wage. All jobs must pay 100 percent.
House File 2460, the Economic Development Budget, also funds the Economic Development Authority and its job creation programs, Iowa Workforce Development, the Department of Cultural Affairs, and economic development activities at the Regent’s universities.