; and (xviii) establishing and administering a critical industry skills fund under paragraph (4). . (4) Critical industry skills fund Section 134(a) of the Workforce Innovation and Opportunity Act ( 29 U.S.C. 3174(a) ), as amended, is further amended by adding at the end the following: (4) Critical industry skills fund (A) Performance-based payments A State shall use funds reserved under paragraph (3)(A) of section 128(a), and any funds reserved under paragraph (3)(B) of section 128(a), to establish and administer a critical industry skills fund to award performance-based payments on a per-worker basis to eligible entities that provide eligible skills development programs to prospective workers or incumbent workers (which may include youth age 18 through age 24) in industries and occupations identified by the Governor under subparagraph (B) that will result in employment or retention with a participating employer. (B) Industries and occupations (i) In general The Governor (in consultation with the State board)— (I) shall identify the industries and occupations for which an eligible skills development program carried out by an eligible entity in the State may receive funds under this paragraph; and (II) may select the industries and occupations identified under subclause (I) that will receive priority for funds under this paragraph. (ii) High growth and high wage In selecting industries or occupations to prioritize pursuant to clause (i)(II), the Governor may consider— (I) industries that have, or are expected to have, a high rate of growth and an unmet demand for skilled workers; and (II) occupations— (aa) with wages that are significantly higher than an occupation of similar level of skill or needed skill development