Gov. Mike Braun announced a new workforce training program Tuesday, designed to help Hoosiers earn more money.
Why it matters: Indiana’s unemployment rate of 3.6% as of last month is lower than the national average and considered “full employment,” meaning most Hoosiers who want a job have one, so the state is focusing on helping Hoosiers move into higher-paying jobs by funding trainings.
The big picture: Power Up Indiana will become the centerpiece of the state’s workforce training program, utilizing $10 million appropriated by the Indiana General Assembly.
- It reimburses companies of all sizes that train existing employees into new positions that result in at least a 25% wage increase.
- The reimbursement rate is up to $5,000 per employee and up to $50,000 per company.
What they’re saying: “This is how we reward leadership, raise wages, and make Indiana more competitive — one worker at a time,” said Indiana Secretary of Commerce David Adams in a news release. “This program marks a significant step toward a more competitive, future ready workforce.”…