CareerEdge’s Workforce Efforts Result in $3.8 million Economic Impact
Sarasota-Bradenton, Fla. (April 13, 2022) – CareerEdge Funders Collaborative, the workforce development program of the Sarasota Chamber, made a $3.8 million economic impact in the local region in 2021. Its 2021 Evaluation Report details the results of its programs with cumulative data demonstrating its impact in local workforce over 11 years. Demographics by age, gender, and ethnicity, certifications earned, and increases in annual wages round out this highly informative and detailed report.
CareerEdge’s goals are to help low-skill and low-wage earners advance in their careers. It strives to reach the underserved and underemployed by providing funding for training and resources for career placement. In 2021, CareerEdge’s Bridges to Careers programs offered training in its targeted industries: healthcare, manufacturing, automotive, and skilled trades. Ninety-six people graduated from one or more of its programs – 50% of them were non-white/BIPOC and 25% were unemployed prior to the training. All participants averaged an increased hourly wage of $3.79 per hour post-training.
CareerEdge offers funding to employers for upskilling workers and wage reimbursement for on-the-job training and internships. The 2021 Upskilling Workers grant funding reached 398 workers across 403 trainings. These workers earned a total of 369 industry-recognized certifications and increased their hourly wages by 11.4% post-training. The wage increase equates to an additional $4,888 in earned income per worker in 2021, totaling an annual earnings gain of $1,945,424 across the local workforce.
“Investing in workforce results in tangible economic improvements and helps change the trajectory of many people’s lives,” says Kristi Hoskinson, vice president of CareerEdge. “CareerEdge is poised to tackle the workforce challenges employers are facing through its strategic collaboration with employers, educators, government, and community stakeholders. It is positioned well to meet the demands of today’s workforce thanks to the ongoing, generous financial support our multiple funders,” she adds.
CareerEdge will continue to bring creative solutions in 2022 and collaborate with community partners to develop local workforce in an effective and meaningful way.