At a well-attended event at the State House, SkillWorks and the Job Training Alliance (JTA) released their impact report on quality job training programs: “Job Training: Works, Pays and Saves.” This report, supported by SkillWorks, contains extremely compelling data proving the significant return on investment on quality job training programs for the participants served, taxpayers, and the economy as a whole.
Looking at graduates from the 12 non-profit, community based training programs included in the study, some notable outcomes include:
- 76% Employment rate
- 675% Increase in total annual earnings
- 80% Reduction in TANF (cash assistance)
The report analyzes the social and economic impacts gained from high-functioning training programs which prepare individuals for successful, long-term careers in growing industries.
Speakers at report’s launch event included: Senator Ken Donnelly, Representative John Scibak, Ron Walker, Secretary of Labor and Workforce Development, Carmine Guarino, Senior VP of Citizens Bank, Jeff McCue, Commissioner of the Department of Transitional Assistance, John Barros, Chief of Economic Development for the City of Boston, and Trinh Nguyen, Director of the Mayor’s Office of Workforce Development and SkillWorks Co-Chair.
Each speaker expressed steadfast support of and commitment to quality community based job training and workforce development programs and more broadly commitment to improving the lives of low-income Bostonians and Massachusetts residents and to ensuring that employers have an accessible pipeline of skilled talent.