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.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Child prodigy from Baton Rouge earns full ride to Southern University 69/255
Gonzales Civic Center re-opens nearly two years after 2016 flood
Yacht hosting high school prom crashes into other yacht
Oyster-shucking pro from Denham Springs preps for global competition
Get ready for 51st annual Gonzales Jambalaya Festival