Offshore Wind Industry Workforce Program and Fund; established, report, sunset.

This legislation establishes the Offshore Wind Industry Workforce Development Program and Fund to prepare Virginians for high-paying careers in the growing offshore wind energy sector. Managed by the Virginia Economic Development Partnership, the program provides grants and incentives for training initiatives, apprenticeships, and educational programs specifically designed to meet the technical demands of offshore wind projects. By creating a pipeline of skilled local workers, the initiative aims to boost regional economic growth and solidify the Commonwealth as a hub for renewable energy manufacturing and installation. The bill also mandates regular reporting on job placement outcomes to ensure the fund’s effectiveness before it sunsets in 2029. Residents can expect increased vocational opportunities and long-term investment in the regional green energy labor market.