ResCare wins $14M contract renewal

ResCare Inc. has been awarded a $14 million, two-year contract renewal by the U.S. Department of Labor to continue operating the Tulsa Job Corps Center in Tulsa, Okla.

The term of the contract is June 1, 2008, through May 31, 2010, with three one-year options for renewal, according to a news release.

Louisville-based ResCare (NASDAQ: RSCR) has operated the Tulsa Job Corps Center since 2003. The center helps students earn a high school diploma or GED, find a job or learn a trade. About 300 students go through the program at one time.

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Job Corps also provides career counseling and transition support to students for up to 12 months after they graduate from the program.