Economic Development Recovery and Resiliency Playbook - Flipbook - Page 105
ETP funding is predicated on simple and efective principles:
• Employers make decisions about the training program. Employers are involved in every aspect of training. Companies
assess their training needs, customize curricula to address the specific needs of their businesses, and implement and
administer the training plan.
• Training investments help companies become more profitable, so companies are encouraged to share that profit with
workers involved in training. ETP contracts promote wage increases and require employers to retain trained workers for
specific periods in order to earn ETP funds.
• Employers are encouraged to assume greater responsibility for training. ETP reimburses contractors based on flat
rates. Companies must pay the diference between ETP reimbursement and their actual training costs. As training costs
increase, companies pay a larger percentage of the costs.
• Performance-based contracting helps to ensure success. A business may earn ETP funds only afer a trainee completes
all training and is retained for a minimum time period (normally 90 days) at a required wage, in a job using the skills
learned in training. Other performance requirements ensure that each stakeholder — the company, the worker, and ETP
— shares responsibility for expanding the numbers of high-wage, high-skill jobs in California.
• ETP funding is a catalyst for future workforce training. Employers who participate in ETP-funded training are more likely
to invest in future workforce training. The ETP experience provides them with the practical knowledge and tools to
successfully implement a training plan.
Climate Catalyst Revolving Loan Fund Program. Administered by the California Infrastructure and Economic Development
Bank (IBank), the Climate Catalyst Fund is flexible, ofering a range of financial instruments to help bridge the financing gap
currently preventing advanced technologies from scaling into the marketplace. Because the Climate Catalyst Fund is designed
to increase the pace and scale of private financing for climate solutions, potential applicants should have written expressions
of interest from other financing parties before completing the Climate Catalyst Intake Form. The program is open to applicants
in both the private and public sectors. The initial focus will be on projects that reduce wildfire threats through forest biomass
management and utilization. Starting in 2022–23, Climate Catalyst expects to expand to include climate-smart agriculture
projects.
Greenhouse Gas Reduction Loan Program. The Department of Resources Recycling and Recovery (CalRecycle) ofers the
Greenhouse Gas (GHG) Reduction Loan Program pursuant to Public Resources Code sections 42995–42998. The GHG Reduction
Loan Program provides funds to support new or expanded organics infrastructure, such as composting and anaerobic digestion
facilities, as well as for facilities that manufacture fiber, plastic, or glass waste materials into beneficial products. The goal of this
investment is to further the purposes of the California Global Warming Solutions Act (AB 32), reduce methane emissions from
landfills, and further GHG reductions in upstream resource management and manufacturing processes; benefit disadvantaged
communities by upgrading existing facilities and, where warranted, establishing new facilities that reduce GHG emissions; result
in air and water quality improvements; and create jobs.
An estimated $5,503,000 was available for FY 2021–22 with an interest rate of 4 percent. This program is part of California Climate
Investments, a statewide program that puts billions of cap-and-trade dollars to work reducing GHG emissions, strengthening the
economy and improving public health and the environment— particularly in disadvantaged communities. The Cap-and-Trade
program also creates a financial incentive for industries to invest in clean technologies and develop innovative ways to reduce
pollution. California Climate Investments projects include afordable housing, renewable energy, public transportation, zeroemission vehicles, environmental restoration, more sustainable agriculture, recycling, and much more. At least 35 percent of
these investments are made in disadvantaged and low-income communities. Visit the program link for updated information.
Specialty Crop Block Grant Program. The California Department of Food and Agriculture's (CDFA) Specialty Crop Block
Grant Program (SCBGP) funds projects that enhance the competitiveness of California specialty crops. The SCBGP is designed
to support all sectors of California's specialty crop industry and improve the performance of California specialty crops in local,
domestic, national, and international markets. Specialty crops are fruits, vegetables, tree nuts, dried fruits, and horticulture and
nursery crops (including floriculture).
Tools for Implementation
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