Establishes the Mississippi Workforce Innovation Performance Loan Fund to provide zero-interest loans for workforce training initiatives.
The bill establishes the Mississippi Workforce Innovation Performance Loan Fund to support innovative workforce training programs. It creates a zero-interest, performance-based forgivable loan program for eligible entities, including community colleges, institutions of higher learning, and nonprofit workforce training organizations. Loans range from $250,000 to $1,000,000 and are used for workforce training costs.
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