Accessing Workforce Development Funding in New Jersey's Urban Centers
GrantID: 6723
Grant Funding Amount Low: Open
Deadline: Ongoing
Grant Amount High: Open
Summary
Grant Overview
Workforce Resilience for Displaced Workers in New Jersey
New Jersey has faced significant economic disruptions, particularly due to the COVID-19 pandemic, which has disproportionately affected the workforce in high unemployment sectors like hospitality and retail. The unemployment rate in New Jersey spiked to a staggering 16% at its peak, making it critical for the state to address the needs of displaced workers to avoid long-term economic stagnation. Furthermore, New Jersey's labor market is characterized by an aging workforce, with a notable percentage of workers nearing retirement age, further contributing to the need for a robust workforce development strategy.
Displaced workers in New Jersey include individuals who lost their jobs in service-oriented sectors as well as those who have faced layoffs due to automation and changes in industry demands. Communities across the state, such as Newark and Camden, are particularly affected, where high unemployment rates have compounded existing socioeconomic challenges like poverty and lack of access to education and training. This demographic, often referred to as the 'forgotten workers,' requires targeted intervention to reintegrate into the labor market effectively.
The funding opportunity is designed to support local training programs targeting these displaced workers. Eligible organizations must demonstrate their capacity to provide tailored job training services aligned with the evolving job market trends in New Jersey. This could involve partnerships with local businesses that are looking to fill skill gaps or innovative re-training programs that prepare workers for emerging industries, such as tech and renewable energy.
With this funding, initiatives can focus on sectors projected to grow in New Jersey, ensuring that training programs are responsive to real-time labor market needs. By equipping displaced workers with relevant skills, New Jersey aims to reduce unemployment and enhance job readiness, which will contribute to a more resilient workforce. The emphasis on reconnecting displaced workers with new employment opportunities not only addresses immediate economic concerns but also lays the groundwork for long-term recovery and stability in the state.
Who Should Apply in New Jersey
Organizations that are focused on workforce development, including community colleges, non-profits, and other educational entities, are encouraged to apply. Successful applicants will need to demonstrate their past success in workforce training and capacity to adapt their programs to meet the unique needs of New Jersey’s displaced workers. This targeted funding initiative can bridge the gap between skill shortages and job availability, fostering economic recovery and resilience within the state.
Eligible Regions
Interests
Eligible Requirements
