The proposed bill, known as the Apprenticeship Grant Act, aims to enhance job training and educational opportunities for underemployed and unemployed individuals in Nebraska. It establishes a framework for providing grants to businesses that offer registered apprenticeship programs, with the goal of helping participants earn a livable wage and reduce their dependence on economic assistance programs. The bill outlines eligibility criteria for businesses seeking grants, including the requirement that apprentices participate in the SNAP Next Step Program or similar workforce initiatives, and that they receive full-time employment upon successful completion of their apprenticeship.

Additionally, the bill creates the Apprenticeship Nebraska Cash Fund to support the implementation of the Apprenticeship Grant Act, allowing for the allocation of funds for grants to both businesses and apprentices. It specifies that apprentices may apply for grants to cover childcare costs while training in building or construction trades, with a maximum grant amount of $37,000. The Act also mandates the development of a qualified action plan by the Department of Labor, the execution of a memorandum of understanding with the Department of Health and Human Services, and the submission of annual reports to track the effectiveness of the program. The Act is set to terminate on June 30, 2031, with any remaining funds being transferred to the General Fund.