Canada Job Grant
, which is being billed as an innovative, employer-driven approach to help Canadians gain the necessary training and skills required to fill open jobs. The grant provides up to $15,000 per person for training costs including tuition and training materials. That amount is comprised of up to $10,000 from the federal government and up to $5,000 from employers.
As of June 2014, Alberta had the highest job vacancy rate in the country and as of August 2014, it had the highest provincial labour market participation rate at more than 72 percent. In terms of the big picture, over the next decade Canada is expected to need 300,000 new workers in the construction sector, as many as 150,000 new workers in the petroleum sector and 145,000 new workers in the mining sector.
The grant’s launch was announced by Minister of Employment and Social Development Jason Kenney and Alberta Minister of Jobs, Skills, Training and Labour Ric McIver.
“Our government’s top priorities are creating jobs, economic growth and long-term prosperity,” Kenney said in a statement. “The Canada Job Grant is part of our commitment to address the paradox of too many Canadians in an economy of too many jobs without Canadians. With employers’ skin in the game, the Canada Job Grant will lead to a guaranteed job.”
The Canadian government estimates that more than $34 million will be provided annually to Alberta for the Canada Job Grant once fully implemented, and by 2017-2018, a total of approximately $300 million per year will be invested nationally in the grant.
Participating employers include Engineers Canada, Merit Canada and the Canadian Welding Bureau.
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