Lowe'S Foundation Invests $50M to Address 'Critical' Tradespeople Worker Shortage

credit: USACE on Flickr

Lowe's is pledging $50 million to address what it says is one of the most critical work shortages in the US, Fox News reports.

According to the American Association of Community Colleges, community and technical colleges are uniquely qualified to provide the skills education necessary to fill the workforce pipeline.

Janice Dupr, Lowe's executive vice president of human resources and chair of the Lowe's Foundation, says they've seen the worker shortage for several years and it's being exacerbated by myths about the job and the migration of children into different careers.

According to a proprietary model developed by Associated Builders and Contractors, the construction industry will need an estimated 546,000 additional workers"on top of the normal pace of hiring in 2023 to meet the demand for labor," Dupr saysto meet the demand for plumbing, electrical, construction, appliance repair, and carpentry workers.

To combat this, the Lowe's Foundation will allocate $50 million over the next five years to help prepare 50,000 people for skilled trades careers through grants to community and technical colleges and community-based nonprofits.

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