Creating the Recharge West Virginia Program
What changed between versions
Created a new article (Article 2P) establishing the Recharge West Virginia Program to reimburse employers for employee training costs.
Defined key terms including 'Base wage', 'New wage', 'Qualifying employer', and 'Upskilling' to clarify program requirements.
Set specific reimbursement limits of $10,000 per employee and $100,000 per employer per fiscal year.
Established eligibility criteria requiring employees to reside in West Virginia, have full-time employment, and achieve a wage increase of at least 25%.
Mandated that employers retain specific records for five years and submit proof of training completion and wage increases to receive reimbursement.
Required employers to notify the division if they reduce wages of trained employees within two years, with potential penalties for unjustified reductions.
Authorized the Division of Economic Development to promulgate emergency rules within 90 days of the bill's effective date.