This bill amends Section 9 of P.L.1992, c.43 to establish dedicated funding for the promotion of apprenticeships and apprenticeship programs through the Workforce Development Partnership Fund. Specifically, it mandates that during any fiscal year beginning after June 30, 2021, at least 5% of the 25% of revenues allocated for employment and training services for qualified displaced workers must be reserved for the Department of Labor and Workforce Development. These funds will be distributed to One Stop Career Centers to support apprenticeships and apprenticeship programs that are accredited and approved by the United States Department of Labor.

Additionally, the bill outlines the allocation of funds within the Workforce Development Partnership Fund, ensuring that various programs receive specific percentages of the total revenues. This includes provisions for employment and training services for both displaced and disadvantaged workers, as well as funding for the Talent Network Program, the New Jersey Innovation and Research Fellowship Program, and other initiatives. The bill aims to enhance workforce development by promoting apprenticeship opportunities, thereby contributing to the overall goal of improving employment outcomes for New Jersey residents.

Statutes affected:
Introduced: 34:15D-9