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Sunday, December 22, 2024

Bolstering Workforce Development Through Education Savings Incentives

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State Rep. Kristin Marcell | Pennsylvania 178th Legislative District

State Rep. Kristin Marcell | Pennsylvania 178th Legislative District

On March 25, 2024, State Representatives Kristin Marcell and Paul Friel's legislation to expand the 529 TAP Tax Credit, known as House Bill 1745, was unanimously approved in the House of Representatives. The bill aims to enhance workforce development and alleviate the financial strain of higher education for families in Pennsylvania.

Representative Marcell emphasized the significance of education in workforce development by stating, "Addressing the skills gap and strengthening our workforce starts with access to education." She highlighted the importance of encouraging employers to invest in their employees' future through initiatives like House Bill 1745.

Echoing this sentiment, Representative Friel emphasized the necessity for innovative solutions to make college education more affordable for families and to invest in the workforce. He stated, “We need new, creative solutions to help families afford a college education for their students, and for the Commonwealth to invest in our workforce – looping employers into the tuition savings process will help facilitate both.”

The bipartisan effort of Representatives Marcell and Friel in introducing House Bill 1745 signifies a collaboration across political lines to address crucial issues related to workforce readiness and economic vitality in Pennsylvania. The bill expands the benefits of the PA 529 program, offering employers an incentive to contribute to their employees' 529 college savings accounts.

The passage of House Bill 1745 is seen as a significant advancement in ensuring Pennsylvania's workforce remains resilient and competitive to tackle present and future challenges. The legislation underscores the importance of workforce development in fostering economic growth and maintaining competitiveness.

Representatives Marcell and Friel are committed to bridging political divides to create effective solutions that enhance workforce readiness and support the economic prosperity of the Commonwealth.

For media inquiries, please contact:

Will Patterson

267-688-2590

wpatterson@pahousegop.com

RepMarcell.com / Facebook.com/RepMarcell

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