State Apprenticeship Expansion Formula
ID: 351688Type: Posted
Overview

Buyer

Employment and Training Administration (DOL-ETA)

Award Range

$0 - $6M

Eligible Applicants

State Governments

Funding Category

Employment, Labor and Training

Funding Instrument

Grant

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes
Timeline
    Description

    The Employment and Training Administration (ETA) of the U.S. Department of Labor is inviting applications for the State Apprenticeship Expansion Formula (SAEF2) grant program, aimed at enhancing and modernizing the National Apprenticeship System. This opportunity provides Base Formula Funding to all states that apply, along with a chance for additional competitive funding for states ready to innovate and expand their apprenticeship programs. The program is crucial for supporting employment, labor, and training initiatives, with an estimated total funding of $100 million and an award ceiling of $6 million per state. Interested applicants must submit their applications electronically by April 4, 2024, and can direct inquiries to SAEF2_FOA-ETA-24-03@dol.gov for further information.

    Point(s) of Contact
    Files
    Title
    Posted
    The U.S. Department of Labor's Employment and Training Administration (ETA) has issued a Funding Opportunity Announcement focusing on the Financial System Risk Assessment for grantees. The aim is to ensure that entities managing public funds possess adequate financial responsibility, supported by compliant administrative systems as per 2 CFR 200 and 2 CFR 2900. The document outlines requirements for applicants, including detailed organizational information such as legal name, incorporation date, and principal officers. It necessitates a thorough accounting system that can accurately track and report financial data specific to each grant, maintain internal controls, and adhere to budgetary constraints. Additionally, applicants must disclose financial stability, the involvement of independent CPA reviews, and details related to their Payment Management System account. The call emphasizes the necessity of transparency and compliance in the management of federal funding. This comprehensive assessment structure is designed to protect public resources and ensure that grantees can effectively manage grants while adhering to federal standards.
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