Current through Public Act 171 of the 2024 Legislative Session
Section 408.919 - Community and worker economic transition plan; options; evaluation; submission of plan to governor and legislature(1) In developing the community and worker economic transition plan under section 7(3)(f), the office shall consider options to do all of the following: (a) Align and target local, state, and federal resources and leverage additional resources to invest in communities and workers whose transition-impacted industries are subject to significant economic transition.(b) Align and target existing local, state, and federal programming and establish additional programming to support communities and workers whose transition-impacted industries are subject to significant economic transition.(c) Identify transition activities that are not addressed by existing resources and make recommendations for new programs as necessary, including, but not limited to, programs to support transition workers with supplemental income, health care benefits, and retirement benefits and programs that provide transition workers with access to education and training opportunities.(d) Implement or engage in other programs, policies, or activities that will assist transition communities, transition workers, and companies in transition-impacted industries.(2) In developing the transition plan, the office shall evaluate all of the following: (a) The projected short-term and long-term benefits to this state of each plan component, including worker benefits, grant programs, and other supports.(b) Potential sources for sustainable short-term and long-term funding for a transition plan and its components.(c) The potential fiscal, economic, workforce, and other implications of extending components of the transition plan to other industries affected by similar economic disruptions.(d) Which components of the transition plan can be implemented by a state department or agency under existing authority and which require additional legislation.(3) With the approval of the department director, by December 31, 2025, the office director shall submit to the governor and the legislature the transition plan for this state.(4) The office may undertake any activities authorized under this act before submitting the transition plan.Added by 2023, Act 232,s 5, eff. 2/13/2024.