Industry Training Consortia Act

Industry Training Consortia Act - Title I: Skill Grants - Directs the Secretary of Commerce to make grants to eligible consortia to share the cost of providing employer-led education and training programs for employees that meet employer needs and market demand in specific occupations. Requires the Secretary to do so in coordination with the Secretary of Labor and the Administrator of the Small Business Administration.

Requires such consortia to have a majority of representatives from not fewer than ten employers (or nonprofit organizations that represent employers) in a common industry or with common skill needs. Allows such consortia to have representatives from labor organizations, State and local governments, and education organizations.

Gives priority for such grants to eligible entities that consist of a majority of representatives from small businesses.

Sets requirements relating to maximum amount of grants, applications, use of program funds, matching funds, administrative expenses, and information and technical assistance.

Authorizes appropriations.

Title II: Planning Grants - Directs the Secretary of Commerce to make grants to States to assist employers, organizations, and agencies in conducting planning to form consortia under title I.

Sets requirements relating to applications and matching funds.

Authorizes appropriations.