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SB 291 IN

Workforce retention and recruitment fund.

IN · session 2022 · Senate · bill

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Introduced Jan 10, 2022

Latest action (Jan 10, 2022) Senator Kruse added as second author

Summary

Authorizes a local unit (county, municipality, town, township, or school corporation) to establish a workforce retention and recruitment program (program) and fund (fund) for the purposes of recruiting and retaining individuals who will satisfy the current and future workforce needs of the unit's employers or provide substantial economic impact to the unit, including providing incentives in the form of grants or loans to qualified workers. Defines "qualified worker" for purposes of the program. Requires a qualified worker who receives a grant or loan from the fund to enter into an incentive agreement. Authorizes the unit to transfer money into the fund from other sources. Provides that the executive of the unit shall administer the fund in coordination with a workforce fund board of managers (workforce fund managers) appointed by the executive of the unit. Requires the workforce fund managers to annually submit a report setting out their activities during the preceding calendar year to the executive of the unit, the fiscal body of the unit, and the department of local government finance. Makes conforming changes.

Sponsors (2)

  • Jeff Raatz Republican · author
  • Dennis Kruse · author

Action history (3)

  1. Jan 10, 2022 Authored by Senator Raatz · upper
  2. Jan 10, 2022 First reading: referred to Committee on Appropriations · upper
  3. Jan 10, 2022 Senator Kruse added as second author · upper
Subjects
ECONOMIC DEVELOPMENT generallyECONOMIC DEVELOPMENT, Redevelopment and Renovation of Urban AreasHOUSINGPUBLIC FUNDS

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced Senate Bill (S) · Jan 10, 2022 · PDF

Full text

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