This is Derek Miller Speaking on Business.
The federal CARES Act stimulus program offers funds for states to administer for their local economic comeback. The legislature has dedicated some of those resources to fund the COVID-19 Displaced Worker Grant Program & COVID-19 Impacted Businesses Grant Program, both administered by the Governor’s Office of Economic Development.
This initiative, entitled “Learn and Work in Utah,” will provide training for those displaced due to the coronavirus. It includes support for the Utah System of Higher Education’s Custom Fit program and several other workforce training programs to provide education and training to displaced workers.
As part of this program, the Department of Workforce Services will create a dashboard to identify unemployment and job opening trends to match workers with jobs. This strategy aligns with the next 100 days plan from Utah Leads Together.
GOED will also disburse $25 million through a Shop in Utah grant to those hurt by the pandemic. To qualify, businesses must offer a discount or other concessions with an estimated value to consumers of at least 50% of the grant amount. GOED must award at least 75% of these grant funds to Utah small businesses.
Please visit business.utah.gov to learn more about the upcoming grant programs for your business and workforce.
I’m Derek Miller, with the Salt Lake Chamber, and this is “Speaking on Business.”
