Last week, Louisville Mayor Greg Fischer announced $2 million in training scholarships that will equip unemployed and underemployed residents in the KentuckianaWorks‘ seven-county region with the skills and education they need for high-demand, higher-wages occupations. These occupations, 50 total, were selected by the KentuckianaWorks Board based on an analysis of labor market data that included workforce numbers from EMSI Analyst.
“These federal training dollars will help people get the training they need to qualify for high-demand, higher-paying jobs—like electricians, plumbers, financial analysts, registered nurses, computer programmers, and tractor-trailer truck drivers—that are available right now in Louisville,” Louisville Mayor Greg Fischer said.
Hourly earnings range from $12.61 (installation, maintenance, and repair workers) to $31.17 (software developers). The occupations are found in five industry sectors: advanced manufacturing and skilled trades; business services; health care; information technology; and transportation/logistics.
The funds were provided by the Workforce Innovation and Opportunity Act of 2014 (WIOA). “This important federal investment will bolster one of the very best assets our city has to offer—our strong and dedicated workforce,” Congressman John Yarmuth said. “By providing additional training opportunities to the hardworking men and women of Louisville, this initiative will help to keep our city at the forefront of an ever evolving economy.”
The training scholarships provide up to $4,000 a year for tuition and $600 a year for supportive costs (uniforms, tools, books, etc.). Qualifying recipients can receive the scholarship for up to two years.
Fischer highlighted a common criteria among expanding or re-locating businesses when he noted that “The first thing new companies looking to locate in Louisville ask about is their workforce. They want to know if we have the workers who will help their companies be successful.”
EMSI data helps workforce developers and economic developers (as well as businesses) equally, making it easy to deduce a particular region’s workforce strengths/weaknesses and gaps/surpluses; determine which occupations offer the growth opportunities and wages that will attract workers; and identify the education and training necessary to get workers ready.