Indiana’s unemployment rate continues to drop. In May, the state’s unemployment rate was 3.2 percent, a near-record low. However, local employers are still looking to fill many new and high-paying job openings with educated and hard-working individuals.
The General Assembly enacted a new law that will help Hoosiers fill these positions by providing Workforce Training Grants and aligning career and technical education programs. In addition, the law increases per-student funding for high-school Career and Technical Education courses in high-demand job fields to help more Hoosiers be hired, employers succeed and drive Indiana’s economy forward.
Promoting Economic Development: A new policy establishing a five-year pilot program incentivizing local entrepreneurs in Elkhart, Fort Wayne, Indianapolis and Lafayette to launch and grow their businesses could help boost the local economy. This program is an effort to help improve and strengthen the business climate and create job opportunities.
Prioritizing Veteran Employment: A new measure ensuring veterans and their spouses are placed in federal and state job training programs will help them achieve meaningful employment. Indiana already has the lowest unemployment rate for veterans in the nation, and this law will continue to expand services for those who bravely served our country.
Follow #NewIndianaLaws on social media and our blog series for more laws enacted this legislative session.