HB 1421 -- Community College Job Retention Training Programs

Sponsor:  Dempsey

This bill creates the authority for community college districts
to enter project agreements, with the approval of the Department
of Economic Development after consultation with the Office of
Administration, with employers who have retained jobs that
represent a substantial investment in technology or that were at
risk of relocation out of state.  The bill specifies the
requirements for qualifying employers.  Community colleges will
provide job training, skills assessments, and training
facilities, among other services, and may subcontract with other
public or private colleges and with governmental agencies.  The
agreements may provide that program costs would be met by receipt
of retained jobs credits from withholding, based on 2.5% of the
gross wages paid to employees in the first 100 retained jobs and
1.5% for any additional retained jobs.  The employer is
responsible for meeting any shortfall in withholdings.  Community
college districts may issue industrial retained job training
certificates to provide funds for the payment of costs of the
programs, with a statewide cap of $25 million.  The bill also
sets timetables for approval of projects; establishes special
funds; and regulates the disbursal of moneys to those funds,
certification of witholdings, and borrowing for and issuance of
certificates by community college districts.

The provisions of the bill will expire six years from the
effective date and no certificates can be sold after July 1,
2014.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am