Regional Competiveness Training Fund
Overview
WSI’s Regional Competitiveness Training Fund (RCTF) is a blend of training dollars from
various sources designed to:
- Maximize impact of limited federal & state workforce funds on regional economy
- Align federal and state workforce funds in the region with Workforce Board strategic plan
- Target training resources to meet needs of high growth/high demand industries
- Skill-up incumbent workers
- Train new workers to industry specifications for demand occupations that meet standards for public investment
Rather than fund training projects for individual companies, the RCTF funds clusters of
targeted high growth/high wage industries within our region. By leveraging available funds this way we hope to:
- Enhance business access to training resources
- Enhance access to training resources for a wider cross section of regional talent pool
- Leverage private sector investment through a Mutual Investment Model
- Engage employers in the design and delivery of training responsive to real-time needs
- Develop accountability systems/common performance benchmarks
Key features
- Enhance access to training resources
- For Businesses
- For Broad Cross Section of Regional Talent Pool
- Leverage private sector investment through a Mutual Investment Model
- Engage employers in the design and delivery of training responsive to real-time needs
- Develop accountability systems/common performance benchmarks
How will this be different?
- Training investments driven by business leadership and labor market demand
- Industry decides what training is needed
- Industry decides who provides the training
- Industry decides training content
- Industry decides who gets trained
- Apply learning from successful training partnerships with businesses under the Governor’s Workforce Training Fund
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