Establishes the act’s purpose as providing a framework for funds to the Office of State Budget and Management (OSBM) to be allocated to the North Carolina Workforce Development Coalition (NCWDC), a nonprofit organization for the purpose of providing grants to employers to encourage employer-sponsored training with a focus on increasing job creation, reducing employee turnover, improving employee wages, and upgrading the skills of workers in their occupation. Directs NCWDC to identify and prioritize industries and skillsets (1) for which training and curricula are lacking at community colleges due to insufficient demand despite an ongoing societal or community need or (2) for which significant portions of training occur on-the-job without formalized study programs at institutions of higher education. Defines eligible employer (a State-based business, including nonprofits organizations, that has at least 20 but not more than 1,500 employees employed in the State and that meets the four specified requirements), eligible training programs, employee, trainee, and training costs. Authorizes an eligible employer to apply for a grant equal to the lesser or (1) 50% of the eligible training costs or (2) $2,000 per trainee, regardless of the number of business entities the trainee works for. Caps the maximum grant any eligible employer may receive in a calendar year at $40,000 minus any other State or federal grants for the same training received in that calendar year. Provides for an application, including deadlines for submission, and distribution of funds on a first-come, first-served basis until funds are exhausted. Directs that grant funds can only be paid to an eligible employer only after the eligible employer has submitted a request for reimbursement meeting the three specified requirements including that the request is submitted no later than 60 days after completion of training and each trainee to which the request applies has completed the training and remained an employee of the eligible employer for the 45-day period following the date of completion of the training, unless activated for military service or deceased. Authorizes NCWDC to use up to 5% of funds available for administrative expenses and marketing of the program, including developing a website and collateral materials to inform employers of the program, email and social media campaigns, and direct outreach. Requires each eligible employer to maintain and make available to NCWDC appropriate employee records of eligibility criteria for employment and training as required by NCWDC and to substantiate the amount of reimbursement based on the grant awarded. Beginning July 1, 2026, and annually thereafter, requires NCWDC to submit information to the specified NCGA committee on the grant program, as described.