A measure that will provide $8 million for Workforce Enhancement Training at community colleges received Gov. Phil Bryant’s signature Wednesday.
The colleges will use the WET fund money to provide training for jobs and skills that employers have identified as being in demand.
“For Mississippi to compete in a global marketplace, we must have a skilled workforce,” Bryant said. “This legislation helps maintain the integrity of the Workforce Enhancement Training Fund without increasing the burden on employers and will ensure that training is available for jobs that are in demand in our state.”
The measure will generate the additional job training money for one year by reducing the unemployment tax while increasing the WET Fund tax by an equivalent amount. The net effect on employers, who pay the taxes, will be zero. The decrease in unemployment taxes will be further offset by more than $14 million in fraudulently obtained unemployment benefits MDES has recovered.
“The $8 million dollars secured from the WET fund will have an immediate benefit for Mississippi employers who depend on community colleges for workforce training,” Dr. Clyde Muse, president of Hinds Community College said.