The Texas Workforce Commission (TWC) has developed the Skills Development Fund program to provide incentives for colleges to partner with area business and industry to provide customized training. Designed to help Texas public community and technical colleges to respond to industry and workforce training needs for their local businesses, the Fund enhances the ability to provide training for specific skills for workers who will be hired by the businesses.
The Skills Development Fund program is designed to:
Facilitate the growth of industry and/or emerging occupations.
Ensure retention of jobs by providing retraining in response to new or changing technology.
Ensure expansion of the state's capacity to respond to workforce training needs.
Businesses and labor unions that form partnerships with local community colleges and technical schools or the higher education extension agency may apply. They should have a training plan and jobs that pay the occupational wage. A Skills Development Fund proposal submission is required.
Lamar Institute of Technology was the first entity in Southeast Texas to receive a grant from the Skills Development Fund in response to the needs of a local industrial facility for customized computer-based training. The Institute continues to apply for and receive grant funding for area businesses through the Skills Development Fund.