AN ACT relating to workforce investment.
What changed between versions
The definition of 'Authority' was changed from the Kentucky Economic Development Authority to the Kentucky Economic Development Finance Authority.
The definition of 'Cabinet' was changed from the Cabinet for Economic Development to the Cabinet for Economic Development (text appears identical but context shifted to new authority structure).
Added new definitions for 'Regional project' and 'Retention goal'.
Added 'Eligible project' to include plans to retain Kentucky students and targeted marketing campaigns to engage new residents.
Removed the specific income threshold of $60,000 for eligible households.
Clarified that the maximum funding per applicant is $500,000 and updated disbursement conditions to require proof of meeting household or retention goals.
Expanded reporting requirements to include specific metrics such as engagement rates, qualified interest, and graduate retention rates.
Changed the requirement for eligible grant applicants to contribute 20% of costs to include 'in-kind donations' and clarified rules for regional projects.