To amend the Job Training Partnership Act to establish a workforce skills and development loan program to provide grants to States to guarantee loans made to employers, representatives of employees, and other entities to provide skills upgrading for non-managerial employees, and for other purposes.

Amends the Job Training Partnership Act to establish a workforce skills and development loan program.

Directs the Secretary of Labor to use certain amounts to make grants to States to establish reserve funds to guarantee loans to employers, employee representatives, and other eligible entities to provide skills upgrading for non-managerial employees. Gives grant priority to States with demonstrated ability to expeditiously establish and carry out such loan programs.

Requires the capacity building and information and dissemination network to include information relating to such skills upgrading activities.