Congressman Moore Introduces “Jumpstart” for America’s Skilled Workforce

Congressman Riley Moore of West Virginia supports the Jumpstart Savings Act, a piece of legislation establishing tax-advantaged savings accounts modeled after the 529 college savings plans.  Moore says the average startup cost in West Virginia is around $100,000, and the Jumpstart accounts will allow individuals and families to save for apprenticeship programs, trade certifications, tools, equipment, and small business startup costs…

Jumpstart   19 secs

“If you are an auto mechanic and get out of school and go start your job, you have to buy all of your own tools—that’s very expensive to start.  So, this would allow you to save for that over time just like a 529 college savings account and enable individuals to get going on their career and—pardon the pun—jumpstart their career path.”