April 16 (Bloomberg) — President Barack Obama plans to announce today an expansion of job-training and apprenticeship programs with a $600 million effort intended to equip workers with the skills sought by employers.
The first initiative is a $500 million competitive grant program for community colleges linked with businesses to create programs to teach the specific skills needed for open jobs.
The second is a $100 million apprenticeship program, in which businesses, unions, community colleges or non-profit organizations would form partnerships to teach skills for hard- to-fill jobs, such as information technology, high-tech services, health-care and advanced manufacturing.
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