Budget & Taxes

SB 383 amends Louisiana’s Incumbent Worker Training Program to establish a new "Flexible Workforce Fund" within the existing program, allocating up to 40% of state funds for sector-based training and pilot projects addressing high-demand jobs. It clarifies eligible training types - including customized programs for businesses (including small businesses with ≤50 employees), preemployment training, and work-based learning - and sets spending limits (e.g., no more than 10% for administration). The bill directly affects Louisiana employers seeking workforce training grants and training providers delivering approved programs. Key mechanisms include mandatory fund allocation rules, employer credit provisions for program funding, and updated eligibility criteria for businesses. The changes aim to streamline funding for workforce development while ensuring revenue neutrality for the state.