The act creates the industry infrastructure grant program (program) within the state work force development council (council). The council is required to partner with eligible nonprofit entities to develop and maintain industry competency standardization to support businesses in their implementation of work site training programs.
The act creates the industry infrastructure fund to pay for the program. The fund consists of $900,000 transferred over 3 years from the general fund and any other gifts, grants, or donations that the council receives. Use of grant moneys is subject to certain restrictions.
The council must prepare a report by January 1 of each year through 2020 that includes information about any eligible nonprofit entity, identified industry sectors, a list of competencies in each sector, uses of an eligible nonprofit entity's committed private funding, the number of industry apprentices that utilized the industry-defined competencies, and any other measurable outcomes the council deems appropriate. The report must be included in the Colorado talent report.
(Note: This summary applies to this bill as enacted.)