MN SF4126

Creates the Minnesota technology training account in the special revenue fund, with all principal and earnings appropriated to the commissioner of employment and economic development for technology training programs.

Authorizes grants to community organizations for short-term technology skills training toward employment with specific employers, covering up to 100 percent of program establishment costs and up to 50 percent of ongoing costs, with at least 40 percent targeted to underrepresented populations.

Provides grants to Minnesota residents for tuition reimbursement in approved technology courses offered online or at accredited Minnesota colleges, with one-year employment requirement for courses lasting one year or longer.

Funds short-term technology courses for high school students through grants to organizations, with preference for employer-partnered courses and at least 60 percent of funds targeted to underrepresented populations.

Establishes an Office of Technology Employment within the Department of Employment and Economic Development to oversee programs and coordinate with employers, educators, and community organizations.

Transfers excess surplus from the assigned risk plan to the technology training account annually, not exceeding $2,500,000 in fiscal year 2019 and $6,000,000 in subsequent years, with a total authorization cap of $20,500,000.