SB 734 - This act establishes the Missouri Works Job Training Program which combines several existing job training programs and modifies the eligibility requirements for the programs. The Missouri Works Job Training Program provides 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 as determined by labor market conditions, rather than for specified disciplines. The act also 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 community and technical colleges.
The provisions of the act will automatically sunset July 1, 2018, unless reauthorized.
This act is similar to provisions of HB 1246 (2012) and SB 296 (2011).