FRANKFORT, Ky. — The commonwealth today announced $2.2 million in funds and credits to support workforce training of nearly 9,500 Kentuckians.
Training funds and credits allocated this month bring the total for the fiscal year 2022 to more than $6 million to support nearly 90 applicants statewide to train more than 21,000 workers, already exceeding the number of trainees supported through state funding during the previous fiscal year.
“We are keeping our incredible economic momentum going in 2022, and that includes efforts to ensure workers across Kentucky have the training they need to be successful,” Gov. Andy Beshear said. “Continued development of our skilled workforce helps attract quality employers to our state and guarantees our residents have access to great jobs. Workforce initiatives will remain a major focal point as we build on the growth of the past year.”
Beshear previously announced the Bluegrass State Skills Corporation (BSSC) provided approximately $6.1 million in funds and credits during the fiscal year 2021, which helped provide training to nearly 18,300 Kentucky workers.
BSSC’s Grant-in-Aid (GIA) and Skills Training Investment Credit (STIC) programs assist employers statewide. GIA provides cash reimbursements for occupational and skills upgrade training at Kentucky businesses, while STIC offers state income tax credits for companies to offset the costs for approved training programs. Applications for both programs are accepted and considered for approval by the BSSC Board of Directors.
BSSC incentives are available to a range of operations, including manufacturing, agribusiness, non-retail service or technology, headquarters operations, state-licensed hospital operations, coal severing and processing, alternative fuel, gasification, renewable energy production and carbon dioxide transmission pipelines.
For more information on BSSC or to apply for workforce training assistance, visit ced.ky.gov/workforce/BSSC.
Click here for more Kentucky business news.
