The act requires the office of future of work (office) to contract with a third party to study workforce transitions in Colorado's economy. The office will request proposals from private or public entities to bid on performing the study. The workforce transitions study (study) must:
- Evaluate the skill transferability of workers in the oil and gas industry and in occupations in Colorado that are facing the most disruption due to automation;
- Explore training availability, skills needed, and transition strategies; and
- Provide recommendations for programs and policies to prepare the workforce for these transitions.
On or before December 1, 2024, the office is required to submit a report of the study's research and findings to the governor and to specified legislative committees of reference. The office is also required to issue an update on the key findings of the study to the governor and specified legislative committees of reference by August 1, 2024.
For the 2023-24 state fiscal year, the act requires the general assembly to appropriate $317,318 from the general fund to the department of labor and employment for use by the executive director's office.
APPROVED by Governor May 16, 2023
EFFECTIVE August 7, 2023
NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)