Originally Posted on Mississippi Business Journal
A scaled-back version of workforce training legislation Gov. Phil Bryant last year dubbed “The Two Cars and a Boat” bill won final legislative approval Tuesday.
House passage of Senate Bill 2808 put the measure on track for a signature from a governor who last year championed it as a way to give Mississippians a chance to own a couple of cars and a boat.
The bill creates the Mississippi Works Fund with an initial $10 million allocation to provide highly focused workforce training for new and existing businesses. Funding will come from surplus money in the state’s unemployment compensation fund. The allocations are to be suspended should the jobless rate begin to climb and increased demands are placed on the unemployment fund.
