Governor Patrick Awards Workforce Training Grant to Workers' Credit Union
Grant part of Governor's economic plan to fast track investments for Massachusetts workers and infrastructure projects
BOSTON-Wednesday, April 23, 2008---Continuing to make economic development investments in cities and towns across the Commonwealth, Governor Deval Patrick today announced that the Workers' Credit Union in Fitchburg will receive $76,665 in Workforce Training Grant funding that will help train 151 employees.
Governor Patrick announced the grant, which is part of the Administration's comprehensive strategy to make investments that will create a culture of opportunity focused on restrained spending and long-and-short-term investment, while preparing for the impacts of a softening economy.
"I am pleased to announce these Workforce Training Fund grants, which will help train over 150 workers in a range of areas," said Governor Patrick. "Targeted investments like these are necessary to ensure we continue on a path to achieve immediate and long-term economic growth in the Commonwealth."
The Workforce Training Fund (WTF), administered by the Department of Workforce Development, under the Executive Office of Labor and Workforce Development, provides business and labor organizations with matching grants of up to $250,000 or more in certain cases to finance incumbent worker training.
"Employers in Fitchburg and all across the Commonwealth need to have ready access to the tools to ensure a competitive advantage. The Workforce Training Fund is an important partner in providing training that makes a difference for employers and their workforce," said Secretary of Labor and Workforce Development Suzanne M. Bump. "Making these investments in our workforce, our people, is key to us being able to close the gap between the skills our workers have and the skills they need to succeed in the future."
This grant announcement follows a major speech by the Governor on the economy, at which he announced that Labor and Workforce Development Secretary Suzanne M. Bump would, within the next 90 days, expedite the release over $18 million in grants to 200 companies throughout Massachusetts in order to train over 16,000 workers in every region of the Commonwealth.
As a result of the grant funding to the Workers' Credit Union, staff will be instructed on the power of teamwork and provided tools to achieve team goals, innovation workshops and as well as introduced to the concepts of Lean Office methodology to promote efficiencies within the organization. Sales training and financial accounting for managers will develop skills to increase small business clients. Additionally, information system technicians will be trained in Microsoft System Certification.
Founded in 1914, Workers' Credit Union is a not for profit, full service credit union that has since grown to over $550 million in assets and serves more than 63,000 members. As a state chartered credit union, individuals and small businesses can access a full range of products. The Workers' Credit union has received the highest rating for its lending practices by the Massachusetts Division of Banks.
"Workers' Credit Union is very pleased to have received this grant from the Commonwealth's Workforce Training Fund. The funds from the grant will be used to improve the skills and knowledge of our employees through programs such as innovation and team building, financial management, business lending and sales, advanced computer software and continuous quality improvement. Our goal in training is to maximize the value of our internal human resources so that we can better serve our members and local businesses. The grant will go a long way to helping us reach this goal," said Workers' Credit Union President and Chief Executive Officer Frederick D. Healey.
The Workforce Training Fund has helped thousands of employers gain a competitive advantage by investing in job-related training for hundreds of thousands of their employees. Since the Fund's inception in 1999, more than 4,100 grants have been awarded totaling over $150 million to train more than 208,000 Massachusetts workers.
For information on the Workforce Training Fund, visit www.mass.gov/wtf.