BlackRock, Carhartt, Ford and Google Launch New Alliance to Expand Skilled Workforce Training
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New coalition aims to help address America's growing skilled labor shortage and create pathways to high-quality careers across the country
The skilled trades are not only crucial to a thriving, modern economy, they can be pathways to greater economic mobility, stable employment, and long-term financial security for millions of Americans and their families. Workers in infrastructure-related skilled trades earn above-average wages in the
Through the Alliance, the companies aim to multiply their impact in three key areas:
- Build the skilled trades pipeline by broadening access and increasing exposure to the trades for more Americans. By raising awareness and providing clear, accessible pathways into the trades, more people can transition into fields that offer greater stability, higher wages, and create long-term opportunities in their careers and economic impact for their communities.
- Scale evidence-based workforce development approaches such as investing in apprenticeships and pre-apprenticeships programs that create opportunities to earn and learn on the job. These programs are vital options that can enable more American workers to gain critical new skills and economic mobility. The Alliance will also partner with Burning Glass and Jobs for the Future on a report to help measure gaps, track progress, and share best practices.
- Expand the partnership to like-minded industry, labor, education, and nonprofit organizations to reach more workers and communities across the country. This builds on the existing work we're already doing alongside labor unions, trade associations, and professional organizations across the construction and electrical sectors – institutions that have spent decades building the expertise, local relationships, and pipelines that turn standard jobs into lifelong careers.
Two and a half centuries ago, America's founders launched a great national experiment. That experiment succeeded beyond what anyone could have imagined—thanks in large part to the skilled workers who actually built the nation. Along the way, they turned hard work into lasting opportunity. By working together, the Alliance for America's Skilled Trades aims to make that dream a reality for a new generation.
About BlackRock
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate
About Carhartt
Established in 1889, Carhartt is a global premium workwear brand with a rich heritage of developing durable products for workers on and off the job. Headquartered in
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in
About Google
Google's mission is to organize the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
Media Contacts
BlackRock
Lauren Willis
[email protected]
Carhartt
Vanessa McCutchen
[email protected]
Ford Motor Company
Lori Arpin
[email protected]
Google
Rebecca Rutkoff
[email protected]
1 Steele, Kimberly. "Critical skilled trades shortage threatens $1T in economic losses." JLL, https://www.jll.com/en-us/newsroom/critical-skilled-trades-shortage-threatens-economic-losses |
2 Lawson, Sandra. "Infrastructure and the opportunity in skilled trades." BlackRock, https://www.blackrock.com/corporate/insights/global-insights/infrastructure-and-skilled-trades |
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SOURCE CARHARTT
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