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State Senator Bill Beagle
Beagle,
Balderson Announce Investments in Workforce Development
COLUMBUS– Ohio has invested more than $670,000 in job training through
local training programs since the inception of the state's Workforce
Revolving Loan Fund. State Senators Bill Beagle (R-Tipp City) and Troy
Balderson (R-Zanesville) jointly sponsored Senate Bill 1, which
established the Workforce Development Revolving Loan program in
2013.
Senate Bill 1 created the Revolving Loan Fund with $25 million from
casino license fees to support regional workforce needs and prepare
Ohio workers for skilled jobs.
Public and private colleges and universities, career colleges and
career technical centers can apply for up to $100,000 per job training
program to provide low interest loans of up to $10,000 for individuals
to pay for training.
“The Workforce Development Revolving Loan Fund is a phenomenal program
that encourages fast job placement, fair student loans and more
opportunities for Ohioans to gain needed job skills to contribute to
the changing workforce needs of our state,” said Beagle.
The Ohio Board of Regents gives preference to proposals that emphasize
direct job placement upon program completion and support in-demand
careers.
“Education is a key component to the future of Ohio’s skill-trained
workforce,” Balderson said. “It is great to see schools all across the
state utilizing the revolving loan fund established by Senate Bill 1.
This fund will surely go a long way in helping make education for
technical jobs more accessible to Ohioans.”
Loans paid off within six months are interest-free. Students that need
more time to pay off their loans are given low interest rates, and any
interest paid goes back into the revolving loan fund for future
applicants.
The following programs have received support from the Workforce
Revolving Loan Fund:
Apollo Career Center, Truck Driving Academy; $99,000
Clark State Community College, CDL Training Program;
$99,000
Cuyahoga Community College, Fast Track Welding Boot
Camp; $26,970
Cuyahoga Community College, Truck Driving Academy;
$94,905
Cuyahoga Community College, Right Skills Now; $87,285
Cuyahoga Community College, Network Support
Specialists; $90,000
Groove U, Music Industry Career Program; $100,000
Lorain County Community College, Ready Mix Truck
Driving Program; $76,350
The Board of Regents is reviewing applications for another round of
program requests and plans to announce more recipients in the coming
weeks.
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