Jumpstart Programs Proposed

Small businesses are investing in apprenticeships because it’s good for business. A bill proposed in the House (H.R. 7115) would allow for the establishment of Jumpstart Programs for saving for apprenticeship and trade occupation training. The programs would be established and maintained by states to which individuals could make contributions similar to 529 plans. In fact, the rules for 529 plans would govern contributions and distributions from the program. If enacted, it would go into effect this year. #IdeaoftheDay