WASHINGTON – U.S. Secretary of Education Betsy DeVos announced today a new higher education discretionary grant program designed to provide students the opportunity to develop new skills, provide innovators and inventors the resources to expand existing businesses or build new ones, and encourage institutions of higher education to foster business development and innovation as America begins to recover from COVID-19-related disruptions to education and our economy.
The Reimagine Workforce Preparation Grant Program will be funded through the Education Stabilization Fund (ESF), authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law by President Donald J. Trump.
“America’s colleges and universities are a national treasure, but it is time for them to reinvent themselves and to be more responsive to the needs of their students and local communities,” said Secretary DeVos. “That includes providing lower-cost options that leverage the expertise of local business leaders and better embrace technological change. Through the Reimagine Workforce Preparation grants, we are empowering them, along with their community partners, educators, business leaders, and entrepreneurs, to do just that. Our goal is to help workers and entrepreneurs get back on their feet and get our economy back up and running as quickly as possible.”