MN SF2614

Clarifies that individuals must be employees of the grant-seeking employer no later than training commencement and must receive an industry-recognized degree, certificate, or credential upon completion.

Requires the Office of Higher Education and Department of Labor and Industry to maintain and post an inventory of degree, certificate, and credential programs that meet competency standards by September 1, 2016.

Prioritizes grant awards to employers training employees who graduated high school or passed GED tests in the current or immediately preceding calendar year, with fallback provisions if insufficient applications exist.

Establishes maximum grant of $150,000 per application and maximum of $6,000 per year for up to four years per employee, reduced by federal Pell grants and state grants for which the employee is eligible.

Requires large employers (with annual revenue exceeding $25,000,000) to pay at least 25 percent of training costs and mandates annual reporting by February 1 on program activity, costs, benefits, and recommendations for changes.