SB32 Summary

• Appropriates $3,520,873 for Department of Commerce Shared Services, including regular salaries of $2,400,543 and personal services matching of $848,330 for fiscal year 2023-2024

• Appropriates $2,523,774 for Office of Skills Development Administration and Operations, including $1,611,456 for the Apprenticeship Program

• Appropriates $23,503,161 for Office of Skills Development grants and programs, including $15,000,000 for Industry Training Program, $4,500,000 for Workforce Development Grants, and $3,500,000 for Workforce Improvement Grants

• Appropriates $13,533,513 for Arkansas Economic Development Commission State Operations, including $4,347,130 in regular salaries and grants for economic infrastructure and business initiatives

• Appropriates total of $300+ million across multiple programs including $100,000,000 for Arkansas Acceleration Fund grants, $200,000,000 for Super Projects, $75,000,000 for Quick Action Closing Grants, and $57,125,733 for Community Development Block Grants (CDBG)