Lowe's Committing $50M To Train Skilled Workers
Mooresville, NC, March 3, 2023-The Lowe's Foundation announced a $50 million commitment over the next five years to prepare 50,000 people for skilled trades careers through grants to community and technical colleges and community-based nonprofits. The new strategic focus addresses one of the most critical worker shortages currently facing the U.S. economy. Today, 85% of contractors report trouble finding skilled workers, and an estimated 546,000 new skilled tradespeople will be needed to meet demand in this year alone.
The national Lowe’s Foundation Gable Grants program will accept applications for two-year grants to help build a sustainable infrastructure of innovative training programs to cultivate more job-ready tradespeople and address the skilled trades labor shortage throughout the U.S.
Starting March 2, the national Lowe's Foundation Gable Grants program will accept applications for two-year grants to help build a sustainable infrastructure of innovative training programs to cultivate more job-ready tradespeople and address the skilled trades labor shortage throughout the U.S. The Lowe's Foundation Gable Grants program will also aim to increase the number of young and diverse tradespeople, particularly from underrepresented and rural communities.
"Community colleges are uniquely qualified to provide the skills education necessary to fill the workforce pipeline," said Walter G. Bumphus, president and CEO, American Association of Community Colleges. "The commitment to skilled trades education in our community colleges by the Lowe's Foundation will help thousands of hard-working individuals access and enter stable, fulfilling careers in fields like electrical, plumbing, HVAC, construction, appliance repair and carpentry. There are more than 10 million students – almost half of all U.S. undergraduates – enrolled in the associate-degree granting institutions we represent. These institutions are deeply ingrained in their communities and well-placed to drive an increased interest in skilled trades training."
The Lowe's Foundation will run two separate annual grant application cycles. The first cohort will focus on community and technical colleges with innovative skilled trades education programs for post-secondary aged adults. Applications will be accepted until April 10. The second cohort will focus on community-based nonprofit organizations, and the application period will be announced in the second half of 2023. The Lowe's Foundation will host informational webinars on March 9 and March 22 for community and technical colleges that are interested in applying for a grant.
To register for one of the webinars or to apply for a grant on behalf of a community or technical college, visit Lowes.com/Foundation.