Workforce Investment Boards (or "WIBs") were regional entities created to implement the Workforce Investment Act of 1998 in the United States, the Federated States of Micronesia, the Republic of Palau and the Republic of the Marshall Islands. The implementing law was replaced by the Workforce Innovation and Opportunity Act in 2014. WIBs worked in conjunction with economic development related organizations to minimize the reaction time and create resources to intervene for both the dislocated workforce and the incumbent workforce members of a community.