STOCK TITAN

Lowe's Foundation Skilled Trades Workforce Investment Eclipses $25 Million Through New Cohort of Community and Technical College Gable Grants Recipients

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

The Lowe's Foundation has announced nearly $8 million in Gable Grants to 11 community and technical colleges across the United States, bringing its total investment in skilled trades workforce development to over $25 million. This initiative is part of a five-year, $50 million commitment to support the training of 50,000 people for skilled trades careers.

The grants will fund expansion of programs in carpentry, construction, HVAC, electrical, plumbing, and appliance repair. Recipients include colleges from Arizona to Maine, focusing on both rural and urban communities. The funding will support new facilities, instructors, accreditation programs, and innovative solutions like mobile learning cottages to remove transportation barriers.

This investment aims to address the growing demand for skilled trades professionals and support economic mobility. The next Gable Grant application cycle for community-based nonprofits will run from August 1 to August 31, 2024.

La Fondazione Lowe's ha annunciato quasi 8 milioni di dollari in Gable Grants a 11 college comunitari e tecnici negli Stati Uniti, portando il suo investimento totale nello sviluppo della forza lavoro nei mestieri qualificati a oltre 25 milioni di dollari. Questa iniziativa fa parte di un impegno quinquennale di 50 milioni di dollari per supportare la formazione di 50.000 persone per carriere nei mestieri qualificati.

I finanziamenti serviranno ad espandere i programmi in carpenteria, costruzione, HVAC, elettricità, idraulica e riparazione di elettrodomestici. I beneficiari includono college dall'Arizona al Maine, con un'attenzione particolare sia alle comunità rurali che a quelle urbane. Il finanziamento sosterrà nuove strutture, docenti, programmi di accreditamento e soluzioni innovative come le aule mobili per rimuovere le barriere al trasporto.

Questo investimento mira a rispondere alla crescente domanda di professionisti nei mestieri qualificati e a supportare la mobilità economica. Il prossimo ciclo di richiesta per i Gable Grant destinati alle organizzazioni no-profit basate sulla comunità si svolgerà dal 1° agosto al 31 agosto 2024.

La Fundación Lowe's ha anunciado casi 8 millones de dólares en Gable Grants para 11 colegios comunitarios y técnicos en los Estados Unidos, llevando su inversión total en el desarrollo de la fuerza laboral en oficios cualificados a más de 25 millones de dólares. Esta iniciativa es parte de un compromiso de cinco años de 50 millones de dólares para apoyar la formación de 50,000 personas para carreras en oficios cualificados.

Las subvenciones financiarán la expansión de programas en carpintería, construcción, HVAC, electricidad, plomería y reparación de electrodomésticos. Los beneficiarios incluyen colegios desde Arizona hasta Maine, centrándose tanto en comunidades rurales como urbanas. La financiación apoyará nuevas instalaciones, instructores, programas de acreditación y soluciones innovadoras como casas de aprendizaje móviles para eliminar las barreras de transporte.

Esta inversión tiene como objetivo abordar la creciente demanda de profesionales en oficios cualificados y apoyar la movilidad económica. El próximo ciclo de solicitudes de Gable Grant para organizaciones sin fines de lucro basadas en la comunidad se llevará a cabo del 1 de agosto al 31 de agosto de 2024.

로우스 재단은 미국 전역의 11개 지역 및 테크니컬 대학에 대해 거의 800만 달러의 게이블 보조금을 발표하였으며, 이는 숙련된 직종 인력 개발에 대한 총 투자액을 2천5백만 달러 이상으로 증가시킵니다. 이 이니셔티브는 숙련된 직종 경력을 위한 5년, 5천만 달러의 교육 지원 약속의 일환입니다.

이 보조금은 목공, 건설, HVAC, 전기, 배관 및 가전제품 수리와 같은 프로그램의 확장을 지원합니다. 수혜 기관은 아리조나에서 메인에 이르기까지 있으며, 농촌 및 도시 지역 모두에 중점을 두고 있습니다. 자금은 새로운 시설, 강사, 인증 프로그램 및 교통 장벽을 없애기 위한 이동식 학습 코티지와 같은 혁신적인 솔루션을 지원합니다.

이 투자는 숙련 직종 전문가에 대한 증가하는 수요를 해결하고 경제적 이동성을 지원하는 것을 목표로 합니다. 지역 사회 기반 비영리 단체를 위한 다음 게이블 보조금 신청 기간은 2024년 8월 1일부터 8월 31일까지입니다.

La Fondation Lowe's a annoncé près de 8 millions de dollars en Gable Grants pour 11 universités communautaires et techniques à travers les États-Unis, portant son investissement total dans le développement de la main-d'œuvre qualifiée à plus de 25 millions de dollars. Cette initiative fait partie d'un engagement de cinq ans de 50 millions de dollars pour soutenir la formation de 50 000 personnes pour des carrières dans les métiers qualifiés.

Les subventions financeront l'expansion des programmes en charpenterie, construction, HVAC, électricité, plomberie et réparation d'appareils. Les récipiendaires incluent des universités de l'Arizona au Maine, se concentrant à la fois sur les communautés rurales et urbaines. Le financement soutiendra de nouvelles installations, des instructeurs, des programmes d'accréditation et des solutions innovantes comme des cottages d'apprentissage mobiles pour éliminer les barrières de transport.

Cette investissement vise à répondre à la demande croissante de professionnels des métiers et à soutenir la mobilité économique. Le prochain cycle de demande de Gable Grant pour les organismes à but non lucratif basés sur la communauté se déroulera du 1er août au 31 août 2024.

Die Lowe's Stiftung hat fast 8 Millionen Dollar in Gable Grants für 11 Gemeinschafts- und Technische Hochschulen in den Vereinigten Staaten bekannt gegeben und damit ihre Gesamteinlage in die Entwicklung der Arbeitskräfte im Handwerk auf über 25 Millionen Dollar erhöht. Diese Initiative ist Teil eines fünfjährigen Engagements von 50 Millionen Dollar zur Unterstützung der Ausbildung von 50.000 Personen für Berufe im Handwerk.

Die Zuschüsse werden die Expansion von Programmen in Schreinerei, Bau, HVAC, Elektrik, Sanitär und Geräte-Reparatur finanziert. Zu den Empfängern gehören Hochschulen von Arizona bis Maine, wobei sowohl ländliche als auch städtische Gemeinschaften berücksichtigt werden. Die Finanzierung wird neue Einrichtungen, Dozenten, Akkreditierungsprogramme und innovative Lösungen wie mobile Lerncottages unterstützen, um Transporthindernisse zu beseitigen.

Diese Investition zielt darauf ab, die wachsende Nachfrage nach Fachkräften im Handwerk zu decken und die wirtschaftliche Mobilität zu unterstützen. Der nächste Antrag auf Gable Grant für gemeinnützige Organisationen wird vom 1. August bis zum 31. August 2024 stattfinden.

Positive
  • None.
Negative
  • None.

From Arizona to Maine, 11 schools receive support to scale training and remove education barriers for sought-after trades careers

MOORESVILLE, N.C., July 23, 2024 /PRNewswire/ -- The Lowe's Foundation today announced nearly $8 million in Gable Grants to a second cohort of community and technical colleges. Since awarding its first grants one year ago, the foundation has assisted in expanding skilled trades career pathways through its growing network of 35 community colleges and nonprofits in rural and urban communities across 27 states.

"With enrollments rising at vocationally focused schools, these community colleges are blossoming arenas for entrepreneurship and economic mobility," said Janice Dupré, Lowe's executive vice president of human resources and chair of the Lowe's Foundation. "Each college has a clear, inspired vision for closing the trades gap in its community, and we're pleased to welcome them to our larger movement."

From funding new skilled trades facilities and instructors to accreditation programs, the grants will support carpentry and construction, HVAC, electrical, plumbing and appliance repair training. These grants build on the foundation's first cohort of community college Gable Grants announced in 2023.

The new Lowe's Foundation Gable Grants support the following community colleges:

Baton Rouge Community College (Baton Rouge, Louisiana) will expand its skilled trades and develop a residential plumbing training program while establishing a state-of-the-art Construction Trades Outdoor Learning Lab. The lab will simulate real-world construction scenarios, allowing students to deepen their understanding of theoretical concepts while honing practical skills.  

Central Maine Community College (Auburn, Maine) will expand its programming in residential electrical construction. The grant will support new tools, machinery and lab space for programs providing construction-based certificates and degrees, as well as short-term workforce training.  

Central Piedmont Community College (Charlotte, North Carolina) will significantly increase its capacity for skilled trades training and construction-related certifications. Infrastructure support includes renovating lab space and bringing mobile learning cottages to other campuses and into the community. The mobile learning cottages will remove transportation barriers and bring new training opportunities in construction, electrical, HVAC and plumbing training throughout Charlotte.  

Community College of Baltimore County (Baltimore) will enhance its skilled trades programing with an expansion of the college's HVAC and building maintenance programs. This includes modernizing labs and equipment and expanding course offerings to equip students with the skills they need to succeed in today's job market.

Maricopa Community Colleges Foundation and Maricopa County Community College District (Tempe, Arizona) will partner to enhance skilled trades programs at three community colleges: Mesa Community College, South Mountain Community College and Rio Salado College. Resources will be allocated for new faculty, recruitment, stipends and upgraded training facilities to accommodate workforce demands.

Midlands Technical College (Columbia, South Carolina) will expand its Building Construction Technology Program through new training space, faculty support, tools and equipment. MTC is the comprehensive technical college for the Midlands of South Carolina, serving over 25,000 students annually with an economic impact over $1 billion.

Mountwest Community and Technical College (Huntington, West Virginia) will expand its Apprenticeship Readiness and JumpStart Pre-Apprenticeship programs that provide dual credit to high school students. The college will also launch a training program for students to earn OSHA Forklift Certifications, offering six courses in its first year.

Southeast Community College (Lincoln, Nebraska) will expand its UPWARD prison education program to include construction, electrical/electromechanical, HVAC and plumbing. These programs will be launched at the Nebraska State Penitentiary. They will allow participants to earn credentials in multiple career programs and return to their communities empowered to be meaningfully employed and help meet the skilled workforce needs in these industries.

Valencia College (Orlando, Florida) will launch an accelerated plumbing program designed to help individuals in Central Florida complete training in this high-demand field. Program graduates will earn nationally recognized industry certifications to meet the region's skilled trades workforce needs. 

Wilkes Community College (Wilkesboro, North Carolina) will address the local housing shortage by enhancing its residential Building Construction Technology program. It will also introduce an Electrical Systems diploma this fall and expand lab space to increase student capacity.

Wiregrass Georgia Technical College (Fitzgerald, Georgia) will build a 53-foot mobile construction trailer and hire an instructor to provide educational training in a variety of residential and commercial trades to graduating high school seniors, adult learners, and individuals enrolled in Georgia Department of Corrections education programs. The 53-foot trailer will remove transportation barriers for hundreds of students and host an "industry ready" program to help combat the construction workforce shortage in rural south Georgia.

The nearly $8 million investment is the latest in the Lowe's Foundation's five-year, $50 million commitment to support the training of 50,000 people for skilled trades careers. Since 2023, the Lowe's Foundation has awarded over $25 million in Gable Grants to expand innovative and scalable skilled trades training across the U.S. Last month, the Lowe's Foundation announced a partnership with Metallica's foundation, All Within My Hands, to benefit hundreds of skilled trades students at five community colleges.

The next Gable Grant application cycle for community-based nonprofits will run from Aug. 1 to Aug. 31. To learn more about the pressing challenges facing the skilled trades, visit Lowes.com/Foundation. 

About The Lowe's Foundation 
The Lowe's Foundation, an independent 501(c)(3) organization founded by Lowe's Companies, Inc. (NYSE: LOW), is helping develop a community of skilled tradespeople to build and revitalize our homes, neighborhoods and infrastructure for the future. From 2023 through 2028, the Lowe's Foundation is investing $50 million to help prepare 50,000 people for skilled trades careers through grants to community and technical colleges, community-based nonprofit organizations and national nonprofit partners with a strong local presence. To learn more about the Lowe's Foundation, visit Lowes.com/Foundation and follow on Instagram, X, Facebook and LinkedIn.

Media Contacts 
Sebastian Hale
Lowe's Foundation
Sebastian.hale@lowes.com

Click here for a Spanish version of the press release.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lowes-foundation-skilled-trades-workforce-investment-eclipses-25-million-through-new-cohort-of-community-and-technical-college-gable-grants-recipients-302203276.html

SOURCE Lowe’s Foundation

FAQ

How much has Lowe's Foundation invested in skilled trades workforce development as of July 2024?

As of July 2024, the Lowe's Foundation has invested over $25 million in skilled trades workforce development through its Gable Grants program.

What is the total commitment of Lowe's Foundation for skilled trades training?

Lowe's Foundation has made a five-year, $50 million commitment to support the training of 50,000 people for skilled trades careers.

How many community and technical colleges received Gable Grants in the latest announcement?

In the latest announcement, 11 community and technical colleges received Gable Grants from the Lowe's Foundation.

What types of skilled trades programs are supported by the Lowe's Foundation Gable Grants?

The Gable Grants support programs in carpentry, construction, HVAC, electrical, plumbing, and appliance repair training.

When is the next Gable Grant application cycle for community-based nonprofits in 2024?

The next Gable Grant application cycle for community-based nonprofits will run from August 1 to August 31, 2024.

Lowe's Companies Inc.

NYSE:LOW

LOW Rankings

LOW Latest News

LOW Stock Data

160.87B
567.29M
0.1%
77.09%
1.69%
Home Improvement Retail
Retail-lumber & Other Building Materials Dealers
Link
United States of America
MOORESVILLE