Our Approach to Workforce Development Fund Reforms
July 13, 2021
Minnesota is home to one of the country’s most talented workforces. That’s no accident – it comes from years of investments by public and private sector leaders in education and training that produce strong talent for a diverse economy.
One of the unique differentiators to training our workforce that many people may not be aware of is the state’s Workforce Development Fund – a payroll-tax-fueled training fund that puts serious money toward training workers for in-demand jobs across Minnesota.
We are the only state in the country that has such a fund. Yet it has been operating since its inception without any major updates. Meanwhile, a lot has changed in our economy, including best practices in workforce development, advances in performance management, and the overall composition and needs of Minnesota’s economy.