Why should we invest in our workforce?

Our country can only reach its economic potential through strong alignment between employer needs and a skilled workforce. Despite an improving economy and numerous programs, significant labor market challenges persist for both workers and employers.

Reframing and reimagining workforce development efforts as investments—not just social services—can lead to larger scale solutions and more accountable outcomes.

Investing in workforce development can bolster the equitable and efficient use of resources. It can lead to better outcomes for individuals as well as more competitive businesses and regional economic growth. And it can help us unlock the potential of our nation’s workforce.

Businesses, government, non-profit, and philanthropic organizations have an opportunity to partner and rethink policy and investments, attract new resources, and improve economic mobility for workers. In addition to surfacing new funding sources, partners can come together to leverage existing investments towards even greater impact.

A stronger workforce supports a stronger economy. Investing in America’s Workforce aims to further that goal through a series of forums to gather information and ideas from people working at the intersection of training, recruitment, and finance; presenting and discussing promising approaches at a national conference; and sharing an analysis of what we learn in a forthcoming book.

Together, we will create a foundation from which a new era of investment in America’s workforce can grow.

Save the Date

October 4-6, 2017
Austin, Texas

Save the date for the Investing in America’s Workforce 2017 Conference. Join leaders in workforce, employers, and policy-makers from communities across the country for a dialogue on how to invest in creating a stronger workforce.

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Additional Resources

Engaging Workforce Development A Framework for Meeting CRA Obligations provides banks—and organizations interested in partnering with them—information and tools to engage in workforce development activities to support their community involvement goals and their obligations under the Community Reinvestment Act (CRA).

Transforming U.S. Workforce Development Policies for the 21st Century features 65 leading scholars and practitioners who outline the issues and introduce new policies and practices to meet the changing needs of workers, businesses and their communities.

Human Capital Compendium is a hub for Federal Reserve research, speeches, podcasts and more on topics of employment, unemployment, and workforce development.

Fedcommunities.org offers an array of practical resources from across the Federal Reserve that support community development.