• Free Webinar: Regional Innovation Strategies informational webinar | June 14 at 3 p.m. EDT

    SSTI is hosting a webinar featuring EDA's Office of Innovation & Entrepreneurship on the $21 million, FY 2018 award cycle. Register today!
  • SSTI's 2018 Annual Conference - December 3-5 in Salt Lake City

    USTAR is hosting SSTI's 2018 Annual Conference: Navigating the New Innovation Landscape. Join your peers for conversations around emerging challenges and opportunities related to science, tech, innovation & entrepreneurship.
  • Become an SSTI Member

    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
  • Policy Academy on Strengthening Your State's Manufacturers

    Funded by NIST MEP and organized by SSTI and CREC, the Policy Academy is an opportunity for states. An RFP and explanatory call are now available.
  • Subscribe to the SSTI Weekly Digest

    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

Fed initiative to reimagine, reframe workforce development efforts

October 12, 2017

The Federal Reserve System has announced a new initiative intended to invest in America’s workforce and improve outcomes for both employers and workers. To introduce the Investing in America’s Workforce initiative, the System released a new report analyzing information from nearly 1,000 leaders in the field to identify the current state of the field, important challenges, and strategies for improving items such as human capital, access to jobs, and innovative funding for workforce development programs. Examples of promising strategies identified include: a more effective use of sector strategies; expanding apprenticeships and other work-based training models; increased coordination among service providers; and, changes in employer behavior to improve job access and quality, such as more training options for incumbent workers. The report was released at a capstone conference held last week; the event’s plenary sessions are available to watch online.  The new initiative, whose work is ongoing, is a partnership between the Federal Reserve System, the John J. Heldrich Center for Workforce Development at Rutgers University, the Ray Marshall Center of the Lyndon B. Johnson School at the University of Texas, and the W.E. Upjohn Institute for Employment Research. Plans include a book of findings, to be published in 2018, and a training curriculum. 

workforce