Close Menu
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur
  • Finance
  • Fund
  • Investment
  • Marketing
  • Stock
  • World
  • Business

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur

    21 Great Business Ideas for Nurse Entrepreneurs

    March 27, 2024

    EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

    March 27, 2024

    Victims of Baltimore bridge collapse include father of three and budding entrepreneur

    March 27, 2024

    Until April 2nd, get great discounts with lifetime access to this stock market app

    March 27, 2024

    Secure and reliable project management support for $25

    March 27, 2024
  • Finance

    Rocket Pharmaceuticals Announces Appointment of Aaron Ondrey as Chief Financial Officer and Additional Updates to Corporate Leadership Team

    March 26, 2024

    Reddit ignites resurgence in meme stocks, further sign of ‘bull market on all fronts’

    March 26, 2024

    Walmart stock plummets, retail giant expected to see further growth

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024
  • Fund

    Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

    March 29, 2024

    Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

    March 29, 2024

    The LDP slush fund scandal: What will make po

    March 29, 2024

    City of San Antonio seeks dismissal of Reproductive Justice Fund lawsuit

    March 29, 2024

    Clashes expected between Biden fundraisers and President Trump during preview visit to New York

    March 29, 2024
  • Investment

    Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

    March 28, 2024

    Recent trends in Kazakhstan’s investment situation

    March 28, 2024

    City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

    March 28, 2024

    OKX Ventures announces strategic investment in MyShell, a pioneer in AI-integrated Web3 technology

    March 28, 2024

    Reform of the EU Foreign Direct Investment Screening Regulation – How might M&A Transactions be impacted? | Mayer Brown

    March 28, 2024
  • Marketing

    Premium hospitality is on fire

    March 27, 2024

    S&P 500 sets record as Wall Street emerges from lull

    March 27, 2024

    DevvStream Announces Multi-Year Agreement to Sell CFR Credits with Major Logistics and Marketing Company

    March 27, 2024

    Global online dating services market by service (casual dating, matchmaking, niche dating), subscription (annual, monthly, quarterly), age group, and gender

    March 27, 2024

    Tower Federal Credit Union Receives Two CUNA Diamond Awards for Creative Excellence in Marketing

    March 27, 2024
  • Stock

    Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

    March 27, 2024

    Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

    March 27, 2024

    2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

    March 27, 2024

    Mr. Powell’s comment

    March 27, 2024

    What you need to know about Trump Media’s stock debut

    March 27, 2024
  • World

    Take a look inside the New York Stock Exchange, the world’s largest stock market

    March 26, 2024

    China challenges Biden’s electric vehicle plan at World Trade Organization

    March 26, 2024

    Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

    March 26, 2024

    Amy Brenneman, Raviv Ullman, Jeremy Love, cast and others in ‘Galilee’ world premiere, 34 years old

    March 26, 2024

    These beauty brands are among the most innovative companies in the world

    March 26, 2024
  • Business

    Canadian business leaders say housing should be a top federal budget priority

    March 27, 2024

    The power of mentorship in business

    March 27, 2024

    Los Angeles County business owner forced to pay damages after SWAT raid

    March 27, 2024

    Chinese President Xi meets with foreign business leaders amid economic uncertainty | Business and Economic News

    March 27, 2024

    China’s Xi Jinping meets with US business leaders in Beijing

    March 27, 2024
The Elite TimesThe Elite Times
Home»Investment»Investing in community colleges benefits communities – The Virginian-Pilot
Investment

Investing in community colleges benefits communities – The Virginian-Pilot

The Elite Times TeamBy The Elite Times TeamFebruary 17, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

Virginia Community Colleges President David Dore recently announced a new approach to increasing the talent pipeline in the workforce. This has the potential to uplift the people of Hampton Roads by directly impacting the business community.

Virginia faces a well-publicized skills gap, with approximately 249,000 unfilled jobs. This workforce disparity is exacerbated by Virginia’s consistent net negative migration over the past nine years and the impending decline in K-12 enrollment over the next several years.

There are 3.2 million Virginians without a post-secondary education qualification. For many Virginians, the best way to land a good job is to attend one of Virginia’s 23 community colleges. There are four community colleges in the region, from Chesapeake to Eastern Shore to Williamsburg, and it’s easier than ever to access and attend one of these colleges.

Although Virginia’s community colleges serve all Virginians, a key population is adult learners seeking to skill, reskill, or upskill. Many of these adult learners are known as ALICE (Asset Limited Income Constrained Employed). This is a United Way term referring to the working class, who are often one paycheck away from economic instability.

In their dual roles as drivers of economic mobility for individuals and employees and answers to workforce challenges, Virginia’s community colleges are reorganizing and leveraging resources to address the region’s critical business needs. We are proceeding with revitalization.

For students, this means earning industry certifications through FastForward, a pay-for-performance, short-term career training program. The program will pay her one-third of her tuition fees and support the rest with a grant. Training courses focus on high-demand careers with local connections. This program works. Recent data shows that students who completed the program saw their wages increase by an average of $11,746.

Another program, G3, gives low- and moderate-income students who want to earn an applied associate’s degree access to education in in-demand professions. This tuition assistance program is a last resort. After federal and state aid is applied, the funds will cover the remaining tuition. According to the latest data, a G3 graduate’s median wage increased by 95% within six months of graduation.

Our community college seeks to expand the talent pipeline into industries such as health care, skilled trades, and energy in Hampton Roads. To bring more workers into the pipeline, training programs must be innovated, scaled, and promoted.

As an example, Dominion Energy and its offshore wind farms are expected to support 1,100 direct and indirect full-time jobs across the region, with salaries and benefits of $82 million. In addition to supporting CDL training, Tidewater Community College has expanded its Skilled Trades Academy with a welding booth, maritime training equipment, and additional HVAC and electrical training space. Expanding these short-term training programs will lead to long-term industry growth.

With 81% of graduates living and working in Virginia, community colleges are in the best position to prepare Virginians for the jobs available today. However, while it is the most affordable higher education option in Virginia, it also has the lowest funding. In Virginia, for every dollar we support students at public universities, we invest just 57 cents in one community college student.

To effectively compete with neighboring states like North Carolina and Tennessee, which are making record investments in community colleges, Virginia needs to make similar investments. A recent study by Rightcast, the national leader in labor market data for higher education institutions, confirms that the money invested in Virginia’s community colleges is yielding strong returns.

Lightcast says, “The total social benefits of VCCS represent a present value of $18.7 billion. These benefits include $12.6 billion in additional student revenue, $4.7 billion in additional business revenue, It includes $1.1 billion in additional revenue from activities, plus $319.7 million in social savings related to Virginia’s health, justice system, and income assistance.”

With additional funding, the region’s community colleges (Tidewater, Eastern Shore, Camp, and Virginia Peninsula) will further their success by expanding cutting-edge programs, increasing the supply of skilled workers, and meeting industry needs. You can keep building. our area.

Peggy Lane of Chesapeake serves as chair of the Virginia Community Colleges State Board of Trustees. She previously worked at Dominion Energy for 40 years.

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleVeterinarian costs will rise in 2023. Is now the time to invest in pet insurance?
Next Article Here’s a look inside Donald Trump’s $355 million civil fraud verdict as an appeals fight looms
The Elite Times Team
  • Website

Related Posts

Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

March 28, 2024

Recent trends in Kazakhstan’s investment situation

March 28, 2024

City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

March 28, 2024
Leave A Reply Cancel Reply

Demo
Latest Posts

21 Great Business Ideas for Nurse Entrepreneurs

March 27, 2024

EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

March 27, 2024

Victims of Baltimore bridge collapse include father of three and budding entrepreneur

March 27, 2024

Until April 2nd, get great discounts with lifetime access to this stock market app

March 27, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

The Chamber’s “Business After Hours” event brings together business and industry interests that share a common goal – Grand Forks Herald

By The Elite Times TeamDecember 31, 2023

[ad_1] Editor’s note: The following is part of an occasional Herald series about how Grand…

Business Profile: Skradski Family Funeral Homes looks to the future | News, Sports, Jobs

January 2, 2024

Jeffrey Epstein’s court documents released without name

January 4, 2024

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us
About Us

Welcome to [Your Website Name], your go-to source for comprehensive information on funds, investments, and the latest in stock news. We are dedicated to providing you with accurate, insightful, and up-to-date content to empower your financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Most Popular

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Teenage Girl Finds Mom’s Debit Card, Spends $64,000 on Mobile Games

January 9, 2020

Apple’s Beats Studio Pro Headphones Listed in FCC Database Ahead of Launch

January 10, 2020
© 2025 theelitetimes. Designed by theelitetimes.
  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.