Higher ed leaders support incentive fund
BATON ROUGE - Governor Jindal's plan for a new $40 million incentive fund is getting support from higher education leaders at the State Capitol.
The fund would send money into high-demand degree and job training programs.
The program is among Governor Jindal's budget recommendations discussed in the House Appropriations Committee Monday.
The Workforce and Innovation for a Stronger Economy Fund, called the WISE Fund, would direct dollars to science, technology and research programs at four-year universities and community and technical colleges.
Committee members questioned whether the state can afford a new program while state finances remain tight.
Sandra Woodley, president of the University of Louisiana System, told the committee the incentive fund would help Louisiana "start making a dent" in filling tens of thousands of petrochemical, engineering and manufacturing jobs.