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| The federal government has released its second multi-million dollar installment from a fund established for mortgage and banking employees laid off in California.
In February 2008, the U.S. Department of Labor announced a $5.6 million grant for the California Employment Development Department. The funds were targeted for career counseling, skills training and other employment and training assistance. Initially, $2.5 million of the grant was released. Yesterday’s news release indicated another $3.0 million has been released. “This second and final increment will be … used to continue the delivery of re-employment assistance, including training, assessment, career counseling and case management to affected workers in the mortgage and banking industries,” the statement said. The number of workers expected to benefit from the grant has grown to 1,063 from 863 originally estimated. |
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