Lowe's Foundation Investment in Solving Skilled Trades Labor Shortage Grows to $43 Million
Lowe's Foundation (NYSE:LOW) has expanded its commitment to addressing America's skilled trades labor shortage with an additional investment, bringing the total to $43 million across 28 states. The foundation announced 12 new Gable Grants recipients, expanding its nationwide network to 60 community and technical colleges.
The initiative is part of a five-year, $50 million commitment aimed at preparing 50,000 trades professionals in various fields including carpentry, construction, HVAC, electrical, plumbing, and property maintenance. The program addresses a critical workforce gap that causes a $10 billion annual economic loss in the housing industry, according to the National Association of Homebuilders.
Grant recipients will focus on expanding training capacity, introducing new programs, and implementing innovative solutions such as mobile training units and virtual reality simulation training. Several institutions will specifically address post-disaster recovery needs and support underserved communities.
La Fondazione Lowe's (NYSE:LOW) ha ampliato il suo impegno per affrontare la carenza di manodopera qualificata nei mestieri tecnici negli Stati Uniti con un ulteriore investimento, portando il totale a 43 milioni di dollari in 28 stati. La fondazione ha annunciato 12 nuovi beneficiari delle Gable Grants, espandendo la sua rete nazionale a 60 college comunitari e tecnici.
L'iniziativa fa parte di un impegno quinquennale da 50 milioni di dollari volto a preparare 50.000 professionisti in vari settori, tra cui falegnameria, costruzioni, HVAC, elettricità, idraulica e manutenzione immobiliare. Il programma risponde a un gap critico nel mercato del lavoro che provoca una perdita economica annuale di 10 miliardi di dollari nel settore abitativo, secondo la National Association of Homebuilders.
I beneficiari delle sovvenzioni si concentreranno sull'espansione della capacità formativa, sull'introduzione di nuovi programmi e sull'implementazione di soluzioni innovative come unità di formazione mobili e addestramento tramite simulazioni in realtà virtuale. Diverse istituzioni affronteranno specificamente le esigenze di recupero post-disastro e sosterranno le comunità svantaggiate.
La Fundación Lowe's (NYSE:LOW) ha ampliado su compromiso para abordar la escasez de mano de obra calificada en oficios técnicos en Estados Unidos con una inversión adicional, elevando el total a 43 millones de dólares en 28 estados. La fundación anunció 12 nuevos beneficiarios de las Becas Gable, ampliando su red nacional a 60 colegios comunitarios y técnicos.
La iniciativa forma parte de un compromiso de cinco años por 50 millones de dólares destinado a preparar a 50,000 profesionales en diversos campos como carpintería, construcción, HVAC, electricidad, plomería y mantenimiento de propiedades. El programa aborda una brecha crítica en la fuerza laboral que genera una pérdida económica anual de 10 mil millones de dólares en la industria de la vivienda, según la National Association of Homebuilders.
Los beneficiarios de las becas se enfocarán en ampliar la capacidad de formación, introducir nuevos programas e implementar soluciones innovadoras como unidades móviles de entrenamiento y capacitación mediante simulaciones de realidad virtual. Varias instituciones atenderán específicamente las necesidades de recuperación post-desastre y apoyarán a comunidades desatendidas.
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La Fondation Lowe's (NYSE:LOW) a renforcé son engagement à combler la pénurie de main-d'œuvre qualifiée dans les métiers techniques aux États-Unis grâce à un investissement supplémentaire, portant le total à 43 millions de dollars répartis dans 28 États. La fondation a annoncé 12 nouveaux bénéficiaires des Gable Grants, étendant ainsi son réseau national à 60 collèges communautaires et techniques.
Cette initiative s'inscrit dans le cadre d'un engagement de cinq ans à hauteur de 50 millions de dollars visant à préparer 50 000 professionnels dans divers domaines tels que la menuiserie, la construction, la CVC, l'électricité, la plomberie et la maintenance immobilière. Le programme répond à une pénurie critique de main-d'œuvre qui engendre une perte économique annuelle de 10 milliards de dollars dans le secteur du logement, selon la National Association of Homebuilders.
Les bénéficiaires des subventions se concentreront sur l'expansion des capacités de formation, l'introduction de nouveaux programmes et la mise en œuvre de solutions innovantes telles que des unités de formation mobiles et des formations par simulation en réalité virtuelle. Plusieurs institutions se consacreront spécifiquement aux besoins de la reconstruction post-catastrophe et au soutien des communautés défavorisées.
Die Lowe's Foundation (NYSE:LOW) hat ihr Engagement zur Bekämpfung des Fachkräftemangels im Handwerk in den USA mit einer zusätzlichen Investition ausgeweitet, wodurch sich die Gesamtsumme auf 43 Millionen US-Dollar in 28 Bundesstaaten erhöht hat. Die Stiftung gab 12 neue Empfänger der Gable Grants bekannt und erweiterte damit ihr landesweites Netzwerk auf 60 Community- und technische Colleges.
Die Initiative ist Teil eines fünfjährigen Engagements über 50 Millionen US-Dollar, das darauf abzielt, 50.000 Fachkräfte in verschiedenen Bereichen wie Tischlerei, Bauwesen, HLK, Elektrotechnik, Sanitär und Immobilienwartung auszubilden. Das Programm adressiert eine kritische Fachkräftelücke, die laut der National Association of Homebuilders einen jährlichen wirtschaftlichen Verlust von 10 Milliarden US-Dollar in der Wohnungswirtschaft verursacht.
Die Stipendiaten werden sich darauf konzentrieren, die Ausbildungskapazitäten zu erweitern, neue Programme einzuführen und innovative Lösungen wie mobile Schulungseinheiten und virtuelle AG˹ٷitätssimulationen umzusetzen. Mehrere Institutionen werden speziell auf die Bedürfnisse der Katastrophenhilfe und die Unterstützung benachteiligter Gemeinden eingehen.
- Investment increased to $43 million across 28 states, showing strong commitment to addressing skilled trades shortage
- Program targets training 50,000 trades professionals, addressing $10 billion annual economic loss in housing industry
- High success metrics from existing recipients (e.g., Texas State Technical College's 87% job placement rate)
- Strategic alignment with major infrastructure projects (e.g., Jacksonville's $8 billion downtown revitalization)
- Current investment still $7 million short of the total $50 million commitment
- Next grant cycle is by invitation only, limiting potential applicant pool
Third cohort of community and technical colleges grant recipients will launch and expand new training programs for thousands of aspiring tradespeople
Through expanded training, grants to this cohort will help build the next generation of skilled tradespeople at a time when the industry needs it the most. According to the National Association of Homebuilders, the skilled labor gap drives a
"Collectively, we are writing a comeback story for the skilled trades industry," said Janice Dupré, Lowe's executive vice president of human resources and chair of the Lowe's Foundation. "Through our Gable Grants network, these schools join a community of innovators helping one another effectively recruit, train and employ the people America needs to revitalize our infrastructure."
Since launching the Gable Grants program in 2023, the foundation has invested
The new Lowe's Foundation Gable Grants support the following community and technical colleges:
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The next Gable Grant application cycle for community-based nonprofits opens from Aug. 1 to Aug. 31 and is by invitation only. To learn more about eligibility guidelines and skilled trades career benefits, visit
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
Media Contacts
Sebastian Hale
Lowe's Foundation
[email protected]
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