2023 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Morefield
VCCS - Workforce Initiative

Item 215 #3h

Item 215 #3h

First Year - FY2023 Second Year - FY2024
Education: Higher Education
Virginia Community College System FY2023 $0 FY2024 $100,000,000 GF

Page 267, line 31, strike "$143,352,970" and insert "$243,352,970".


(This amendment requests additional funding his request will provide $100 million in innovation funds to strategically fund program startups in regions with high workforce demand and low labor supply. Strategic investments will be directed to life-changing employment outcomes, intersect with regional priority industry clusters, and fuel regional cooperation. Funds will be used to renovate and equip available spaces to start new programs with state-of-the-art labs and cutting-edge equipment. Targeted programs will include healthcare, computer and information technology, manufacturing, and skilled trades. Other potential areas are advanced and additive manufacturing, electric grid modernization, and broadband expansion. An employer match or incentive will be required and can include monetary or in-kind (goods, property, or services such as: equipment, materials, providing instruction/training, curriculum development, etc.) so that the employer's interest and the need for workers is confirmed. The funds will be awarded on a competitive basis to seed new program startups throughout the 23 community college system, with 75 percent invested in Southwest Virginia Community Colleges serving communities that are distressed.)