Build Dakota focusing on South Dakota workforce growth
SOUTH DAKOTA — The State of South Dakota has unveiled the Build Dakota program, which will help address the state’s workforce development needs. The $50 million initiative is being funded by a $25 million donation from philanthropist T. Denny Sanford and matching funds from the state.
The Build Dakota program will offer full scholarships to students pursuing degrees in high-demand occupational fields at the state’s four technical schools. The $50 million will be distributed over the next five years and state officials estimate the funds could pay for 300 scholarships annually during that time. In addition, after five years, another 50 scholarships could be awarded every year from an endowment.
Source: Argus Leader