As the unprecedented misalignment in the U.S. labor market between employers and workers continues, it’s a good time to take a look at the extensive federal infrastructure in place to support people seeking jobs and skills. Millions of Americans access 2,400 American Job Centers located throughout the country and its territories every year, which are powered by a network of 500 Workforce Development Boards. On today’s episode of WorkforceRx, Futuro Health CEO Van Ton-Quinlivan sits down with Ron Painter, CEO of the National Association of Workforce Boards, to explore the vital role they play in advancing economic opportunity. “Workforce Boards bring together the players you need in that region — housing, transportation, economic development, community-based organizations, faith-based organizations — that’s a unique mix wherever you are. There’s a whole lot that makes that equation work.” Check out this informative discussion to learn how communities are leveraging this network to bring about economic opportunity, why local Boards need more flexibility, and to understand why Painter is optimistic about meeting the unprecedented challenges facing employers and workers.
Continue readingTracy Palandjian, CEO of Social Finance: The Impact of Private Investment in Workforce Development
The practice of impact investing — also known as socially responsible investing – has been in place in the U.S. for decades, but more recently, a subset of that field has focused on improving economic mobility. In this episode of WorkforceRx, Futuro Health CEO Van Ton-Quinlivan is joined by Tracy Palandjian, CEO of Social Finance, who is focused on reimagining the role of the capital markets in enabling economic progress. “Our societal challenges are so vast, they require more than what philanthropy and the government can give. So, increasingly, people are asking the question, “What is the role of investors in driving social change?” Tune in to learn about a new way to fund education and training called Career Impact Bonds, collaborations at the state level to support workforce development in key industries, and how these efforts are targeted at people who face significant barriers to workforce participation. This is a great opportunity to learn about innovative alternatives for funding a critical need as labor shortages continue to challenge the U.S. economy.
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