The White House recently released a fact sheet detailing the Administration’s Fiscal Year (FY) 2017 budget proposal request, which will be released on February 9th, 2016. The proposal includes funding for expanded career pathways, sector partnerships, job opportunities and workforce data collection, with a particular focus on youth.
You can read the entire Fact Sheet online here: President Obama Proposes New ‘First Job’ Funding to Connect Young Americans with Jobs and Skills Training to Start Their Careers. The President’s FY 2017 Budget includes nearly $6 billion in new funding, nearly doubling last year’s budget request for supporting young people who are out of school and work. Below are three major investments under the proposed plan:
- A New $5.5 Billion Proposal to Open Doors to a First Job. The President’s Budget will propose new investments – nearly double last year’s request – to connect more than 1 million young people to first jobs over the summer and year-round. It would also create a new $2 billion competitive grant program designed to re-connect disconnected youth to educational and workforce pathways.
- Summer Jobs and Beyond Grant Competition. Today the Administration is also taking a new step to connect more young Americans to work with the release of the application for a $20 million Department of Labor grant competition – using existing funds – that will award approximately 10 grants to communities to implement innovative approaches that connect young people to jobs and career pathways.
- New Proposed Investments to Give More Americans Skills for In-Demand Jobs. The President is also proposing in his Budget $3 billion to create an American Talent Compact that would expand talent pipelines in over 50 regions to fill open jobs and attract new jobs from overseas; a $500 million Workforce Data Science and Innovation Fund to create dynamic data sets on jobs, skills, and training to help training providers and workers keep pace with rapidly changing job needs; and a $2 billion Apprenticeship Training Fund to double the number of U.S. apprenticeships.