HB21-1264 Stimulus Funding

HB21-1264 Funds Workforce Development Increase Worker Skills was signed by Governor Polis on June 23. The bill will provide $75 million for reskilling, upskilling, and next-skilling opportunities for Coloradans that lead to industry-recognized credentials and get people working in growing industries. The execution of this legislation will build on the data in the Talent Pipeline Report and work to achieve the overarching goals of the state and local areas to support Coloradans. 

For an overview of HB21-1264 and the workforce stimulus funding, watch this 4-minute video.

HB21-1264 Funding Breakdown

$75,000,000 for talent development:

  • $5M for Adult Education - distributed by CDE
  • $10M for CTE facilities and equipment
  • $60M through CWDC

Overview of $60M in Funding through CWDC

HB21-1264 invests a total of $75,000,000 for talent development, including $60M through the CWDC in two specific areas: $25M for Investments in Reskilling, Upskilling, and Next-skilling Workers, and $35M for Work Force Innovation Act. 
 

$25M - Investments in Reskilling, Upskilling, and Next-skilling Workers

$25,000,000 Total:

  • $20.75M allocated to Local Workforce Boards
  • $3M competed out to community-based organizations by CWDC
  • $1.25M for outreach, promotion, digital platforms, and statewide licenses
$35M - Work Force Innovation Act

$35,000,000 Total:

  • $17.5M allocated to Local Workforce Boards, who will be competing out these funds to eligible entities
     
  • $13.3M for statewide initiatives through CWDC
    • The CWDC collected input via a brief survey on stakeholder priorities for how we support businesses and workers through the statewide initiatives. The survey is now closed.
       
  • $4.2M for evaluation, implementation, and administration

Resources

HB21-1264: Overview and bill text of HB21-1264 Funds Workforce Development Increase Worker Skills.

HB21-1264 Fact Sheet: Background information, funding breakdown, and anticipated impacts of the $25M in funding in HB21-1264 that is a component of the Colorado Recovery Plan.

HB21-1264 Amendment Fact Sheet: Background information, funding breakdown, and anticipated impacts of the amendment that added $50M in federal funding to HB21-1264 through the American Rescue Plan. 

Braiding and Blending: An Overview of Innovative Practices and Approaches to Funding: An introduction to braiding and blending funding to support workforce development efforts in Colorado. This resource spotlights how leveraging multiple funding streams can maximize resources, increase impact, and help with long term sustainability of work taking place in a community.