Plan emerges to divide $40M college incentive fund
BATON ROUGE - An agreement has been struck to split a $40 million higher education incentive fund designed to steer money to programs that help fill high-demand jobs.
A council of Louisiana college, economic development and labor officials on Monday approved a plan to divvy up the money among the four college systems.
LSU will get the largest share, $14.4 million, from the Workforce and Innovation for a Stronger Economy Fund, or WISE Fund.
The community and technical college system will get nearly $12 million, while the University of Louisiana System will receive $11.4 million. The Southern University System will get $2 million, the lowest level a university system could receive.
The distribution formula is based on forecasts of which degree areas are in most demand and which skills are considered most valuable.