ASSEMBLY HIGHER EDUCATION COMMITTEE

STATEMENT TO

ASSEMBLY, No. 5183

STATE OF NEW JERSEY

DATED:  FEBRUARY 10, 2025

      The Assembly Higher Education Committee reports favorably Assembly Bill No. 5183.

      This bill requires the Department of Labor and Workforce Development (DOLWD) to develop and maintain a list of industry-valued credentials. The list is to identify the specific credentials offered in New Jersey in which employers are most interested, based on analysis of State labor market data and on feedback from employers in the State.  The industry-valued credential list is required to be updated annually and made available as a list and in a downloadable format on the DOLWD’s Internet website.

      An industry-valued credential is a recognized degree, diploma, certificate, or certification awarded for an occupation that is valued and demanded by employers, with transferable skills that provide broad opportunities and may lead to opportunities for further training and education, higher wages, career advancement, or increased job security.