Home » Finalists for $100M Work Ready Skills Initiative to be selected Friday

Finalists for $100M Work Ready Skills Initiative to be selected Friday

Meeting open to public

FRANKFORT, Ky. (Nov. 17, 2016) — The Work Ready Skills Advisory Committee, formed to review and select project proposals for the commonwealth’s new $100 million workforce bond program, will select finalists for the program on Friday. Finalists will be selected during a meeting at 9 a.m. at the offices of the Education and Workforce Development Cabinet in Frankfort, 300 Sower Blvd., 1st Floor, Training Room A. The meeting is open to the public.

The committee plans to award up to $65 million during this year’s initial funding round and to reserve at least $35 million for a second application cycle in 2017.

After receiving 117 pre-applications totaling nearly $565 million in requests, the committee initially met in September and chose to invite 91 local applicants to submit comprehensive proposals for first-round funding consideration.

Eighty-three full applications, totaling more than $460 million in requests, were received by the Oct. 19 submission deadline.

Individual project funding requests ranged from $40,000 to $28 million. Proposals came from all 10 state workforce areas and addressed a wide array of key industry sectors, including manufacturing, healthcare, technology, transportation, and construction/trades.

The 10-member Work Ready Skills Advisory Committee has also scheduled meetings for Dec. 14-15, where they plan to conduct interviews with select finalists for whom they would like additional information. The committee’s goal is to make first-round funding announcements before the end of the year.