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SB 296 - This act establishes the Compete Missouri Job Training Program which combines three existing job training programs that provide financial assistance for job training for new jobs created by qualified companies. Financial assistance will also be available to business and technology centers established by Missouri community colleges, or state-owned postsecondary technical colleges, to provide business and training services for growth industries. The act provides for the diversion of withholding taxes from new or retained jobs of qualified companies to pay costs incurred by new or retained jobs training projects administered by local educational agencies such as community and technical colleges. The provisions of the act will automatically sunset July 1, 2018, unless reauthorized. JASON ZAMKUS
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