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STATEHOUSE – Governor Mike Pence signed House Enrolled Act (HEA) 1170 into law today, authored by State Rep. Kathy Heuer (R-Columbia City), which promotes employee training and retraining.
“Since we’re in the midst of a strong economic recovery, it is important for us to do all we can when providing employers with resources that will aid them in remaining competitive in the global market,” said Rep. Heuer. “Up-to-date employee training will give Hoosier businesses the boost they need to bridge any skills gaps."
The law expands the eligibility criteria for businesses to receive Skill Enhancement 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 and the new budget for 2014-2015 increases Skill Enhancement Training by 40%, assuring existing businesses adequate funding for their training needs.
"A trained workforce is the foundation of a great Hoosier economy", 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.