Search Results
Speech
Reinventing Our Systems
The time is ripe for employers and funders to rethink approaches to skills training, said Philadelphia Fed President Patrick Harker in remarks announcing a report on the effects of automation on the labor market and a new financing model for workforce training.
Discussion Paper
Spotlight on Rural Best Practices: Lessons From the 2023 IRA Poster Session
Throughout our region, small towns and rural communities are continually working to improve outcomes for their residents. And we can learn a lot from how different communities, and the organizations within them, are gaining positive traction. What are their ingredients for success?While the mix of ingredients differs from one community to the next, a top five list has emerged from the Richmond Fed's engagement with rural communities over the past several years: 1) regional collaboration; 2) strong local leadership; 3) telling a compelling story; 4) playing to strengths; and 5) taking a ...
Discussion Paper
Partnerships between Community Development Financial Institutions and Workforce Development Organizations
Inability to secure capital to improve worker skills or expand training programs can prevent growth in a local economy. This paper presents the role CDFIs can play to fill a need for financing in the workforce development sector. While the transactions presented in this paper are unique, they highlight the importance of partnerships between the two industries. Shared missions and an overlapping client base between CDFIs and workforce development practitioners creates a natural pairing for collaboration. In addition, CDFIs are uniquely able to serve as test beds for innovation because of their ...
Journal Article
Features: Community Colleges and Workforce Training in the Criminal Justice System
Darrin Casper was ready to start fresh."I was just tired of doing the things I was doing. I needed to do something different because I kept winding up in the same place," says Casper, who was released in April 2024 after serving four and a half years in prison in North Carolina. "My family members have always been there for me, and I just needed to make the change."Casper's aunt had been looking for local programs that could help him with the transition and eventually discovered the Craven-Pamlico Re-entry Council. Operated by Craven Community College, the council provides a range of services ...