Requires IWD to update the list of high-demand jobs once every five years in collaboration with community colleges when selecting and prioritizing such jobs. Changes wage requirement to "a competitive entry-level wage" when identifying high-demand jobs. Replaces current financial qualification requirement to the requirement that an applicant meet financial need criteria established by the college student aid commission, and the commission define financial need by rule.  Adds intermediary sponsors as a class of entities that may provide apprenticeship training under the Iowa registered apprenticeship Act. Providing intermediary sponsors with the sole discretion for approving partner employers, provided that such employers are compliant with the intermediary's standards. Making intermediary sponsors eligible for financial assistance.  Provides that a licensed journeyperson or master under the Iowa plumber, mechanical professional and contractor licensing Act may employ or supervise licensed apprentices.  Creates a career training physical expansion program administered by IWD, with the purpose to provide financial assistance for the construction of new facilities that will expand the capacity of community colleges and unionized and nonunionized private sector apprenticeship programs to provide education and training for workers in high-demand fields in Iowa. Key eligibility requirement is that a program must demonstrate that construction of the new facility will directly result in an increase in the number of workers in high-demand fields in this state.