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. The maximum grant amount is set at $37,000 per apprentice, with a cap of $4 million in total grants awarded in any fiscal year.

Additionally, the bill allows apprentices in building or construction trades to apply for grants to cover childcare costs, provided they meet specific criteria. The legislation creates the Apprenticeship Nebraska Cash Fund to support the program, which will be funded through legislative appropriations and private contributions. The bill also mandates the Department of Labor to develop rules for grant administration, submit annual reports on the program's effectiveness, and execute a memorandum of understanding with the Department of Health and Human Services to facilitate data sharing. The Apprenticeship Grant Act is set to terminate on June 30, 2031, with any remaining funds being transferred to the General Fund.