Jobs and Education for Texans (JET) Program. Job Building Fund

Size: px

Start display at page:

Download "Jobs and Education for Texans (JET) Program. Job Building Fund"

Rosemary Bailey
8 years ago
Views:

1 Jobs and Education for Texans (JET) Program Job Building Fund

2 Jobs and Education for Texans 81 st Legislature, Regular Session HB 3 and HB 1935 established the JET program 82 nd Legislature, Regular Session SB 2 appropriated unobligated JET funds to biennium 83 rd Legislature, Regular Session $10M was appropriated for JET equipment grants for biennium 7/30/14 2

3 JET Equipment Grants Provide grants to.defray the startup costs associated with the development of new career and technical education programs at public junior colleges and public technical institutes that meet the requirements of Section /30/14 3

4 JET Equipment Grant Summary $26.7 million in grant awards 118 grant awards 45 out of 50 college districts received grants 69,000 students are projected to be served by JET equipment grants * *Estimates are based on information provided by the JET equipment grant recipients. 7/30/14 4

5 JET Equipment Grant Summary Average estimated net salary increase: $22,000 per student completing program using JET-funded equipment * Estimated total salary increase: $759 million, based on conservative program completion rate of 50% * Return on investment: $35 for every $1 grant spent * *Estimates are based on information provided by the JET equipment grant recipients. 7/30/14 5

6 JET Funding for Equipment Grants Allocation Per Biennium in Millions of $ $10.0 $10.0 $9.0 $8.0 $7.0 $6.0 $5.0 $4.0 $3.0 $2.0 $1.0 $0.0 $8.3 $ Unspent funds from JET scholarship and nonprofit grants were reallocated to JET equipment grants in due to the higher number of participants served. 7/30/14 6

7 High-Demand Training Programs JET training programs support high-demand, high growth occupations in Texas, based on employment growth and projections: Computer and Information Sciences Construction Trades Engineering Health Professions Mechanical and Repair Precision Production Science 7/30/14 7

8 Distribution of JET Equipment $ 27% 24% 24% 13% 2% 4% 6% Computer and Information Sciences Construction Trades Engineering Health Professions Mechanical and Repair Precision Production Science 7/30/14 8

9 Distribution of Students Trained 34% 23% 26% 9% 2% 2% 4% Computer and Information Sciences Construction Trades Engineering Health Professions Mechanical and Repair Precision Production Science 7/30/14 9

10 Distribution of Jobs Posted (annual) 33% 19% 24% 8% 12% 2% 2% Computer and Information Sciences Construction Trades Engineering Health Professions Mechanical and Repair Precision Production Science 7/30/14 10

11 Percent Change in Jobs % 19% 7% 8% 5% 5% 4% Computer and Information Sciences Construction Trades Engineering Health Professions Mechanical and Repair Precision Production Science 7/30/14 11

12 Median Hourly Wage of Jobs $35.11 $25.91 $27.07 $20.12 $18.63 $17.71 $17.75 Computer and Information Sciences Construction Trades Engineering Health Professions Mechanical and Repair Precision Production Science 7/30/14 12

13 45 of the 50 college districts were funded, plus 3 state colleges and 4 public technical colleges 7/30/14 13

14 Examples of jobs by program area Computer and Information Sciences Digital Forensics Technician Network & Computer Systems Administrator Construction Trades Electrician Utility Linemen Precision Production Welding Technician Machinist 7/30/14 14

15 Examples of jobs by program area Engineering Architectural and Civil Drafter Electrical & Electronic Engineering Technician Geological & Petroleum Technician Heating, Air Conditioning, Refrigeration Mechanic & Installer Industrial Engineering Technician Manufacturing Processes and Quality Assurance Mechanical Engineering Technician Renewable Energy System Technician (Wind) 7/30/14 15

16 Examples of jobs by program area Health Professions Registered Nurse Dental Hygienist Diagnostic Medical Sonographer Electroneurodiagnostic Technician Emergency Medical Technician or Paramedic Medical Laboratory Technician Patient Care Technician or Medical Assistant Respiratory Care Technician Vocational Nursing 7/30/14 16

17 Examples of jobs by program area Mechanical and Repair Automotive Service Technicians and Mechanics Bus & Truck Mechanic/Diesel Engine Specialist Hybrid Automotive Technology Industrial Machinery Mechanic Mobile Heavy Equipment Mechanics Process Instrumentation Technicians Science Biology and Biotechnology Laboratory Technician Chemical Plant and System Operator Chemical Technicians 7/30/14 17

18 JET Job Building Fund For more information, contact: Robert Wood Director, Economic Development and Analysis Comptroller s Office Robert.wood@cpa.state.tx.us More information about the JET Program is available at 7/30/14 18

2015 CSSP Occupations List

2015 CSSP Occupations List High-Wage-In-Demand Criteria and Expanatory Notes 1. High Demand means the occupation is expected to have at least 20 openings per year between 2012 and 2022. 3. Some occupations are not listed due to