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STATEHOUSE – Governor Mike Pence signed into law HEA (HEA) 1170 this week, authored by State Rep. Kathy Heuer (R-Columbia City), which promotes employee training and retraining.
“Providing companies with the means to keep employee training up-to-date is essential to business growth,” said Rep. Heuer. “In the midst of an economic recovery, we must do all we can to provide employers with the resources to help them thrive and remain competitive in a globally dynamic economy.”
The law expands the eligibility criteria for businesses to receive Training 2000 funds to include training for incumbent employees. Before enactment, these funds were only used for training employees of new or expanding businesses and to retrain and upgrade skills required to support new capital investments by existing businesses.
The program is run through The Indiana Economic Development Corporation (IEDC), which provides reimbursement for a qualified business's training costs through the Skills Enhancement Fund, which is the backbone of the Training 2000 program.
HEA 1170 assures the IEDC that they can now distribute training assistance funds for retention and upgrading of incumbent employee skills of existing businesses. Between 2010 and 2012 the IEDC offered 213 new and expanding businesses a total of $18 million in Training 2000 funds.
"Great Hoosier companies start with a trained workforce", said Rep. Heuer. " Ensuring that workforce training gaps are filled will safeguard job retention across our state, and allowing existing businesses to now access these funds assures these companies that Indiana is here to continue to support them as our economy moves forward."
For more information about HEA 1170 or any other bill being discussed, please visit www.in.gov/legislative.
Heuer_HB 1170 GovSigning1.docx