Agreement Reached On Splitting College Incentive Fund

Sep 9, 2014

An agreement has been reached on splitting a $40 million higher education incentive fund.

It’s designed to steer money to programs that help fill high-demand jobs.

A council of Louisiana college, economic development and labor officials yesterday approved a plan to divvy up the money among the four college systems.

LSU will get the largest share, about $14.5 million from the Workforce and Innovation for a Stronger Economy Fund.

The community and technical college system will get nearly $12 million. 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.