Investing in Louisiana Today… Securing the Skilled Workforce of Tomorrow
WISE was created to enhance degree and certificate production and research priorities in high demand fields through programs offered by Louisiana’s public postsecondary education institutions to meet the state’s future workforce and innovation needs. Louisiana’s four higher education systems, Louisiana Economic Development (LED), the Louisiana Workforce Commission (LWC), and the Louisiana Workforce Investment Council (WIC) collaboratively developed and supported the creation of the Workforce and Innovation for a Stronger Economy (WISE) Fund, established by Act 803 of the Louisiana Legislature’s 2014 Regular Session.
The WISE Fund dedicates funding to Louisiana’s public higher education institutions to:
- Increase degree and certificate production in high demand fields, through the Workforce Incentive Program (80% of funds)
- Spur additional research and innovation in alignment with industry needs, through the Innovation Incentive Program (20% of funds)
Business and industry partnerships are an important component of WISE. Campuses will receive monies from the WISE Fund based on the distribution method determined by the WISE Council, but will be required to apply for investment monies by submitting Implementation Plans, which must include a minimum 20% industry match.
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