REPORT SHOWS HCC's IMPACT ON LOCAL BUSINESS
Published on Oct 26, 2022
Henderson, Ky. – Henderson Community College Workforce Solutions partnered with local companies to invest $66,400 in TRAINS funding for job training initiatives in Fiscal Year (FY) 2022, found a new report on enrollment and workforce development. The Kentucky Community & Technical College System (KCTCS) released its inaugural Workforce and Economic Development Annual Report today – in connection with National Workforce Development Month – the first comprehensive synopsis of activities among KCTCS Workforce Solutions departments.
According to the report, Henderson Community College Workforce Solutions served 11 businesses last year. Those companies committed another $30,988 to develop employees with skills that meet the needs of a 21st century workforce.
At Henderson Community College, those initiatives included:
· 10 KCTCS-TRAINS projects representing a 233% increase over the previous fiscal year
· Recruitment of the HCC FAME Program’s largest cohort, with a 60% increase in sponsor company participation, and a 70% increase in new advanced manufacturing students
“At Henderson Community College, led by our incredible Workforce Solutions staff and faculty, we’re committed to partnering with local companies to ensure they have a skilled and sustainable talent pipeline to not just survive, but thrive in an ever-changing work environment,” said Dr. Jason Warren. “With labor shortages at historic levels, we know this work has never been more important – so I want to commend Henderson Community College, administrators, educators and instructors for their hard work and dedication to meeting this unprecedented need.”
In addition to Henderson Community College’s, many successes, the report showcased that systemwide, KCTCS Workforce Solutions completed its highest performing year ever in the Commonwealth. Overall, more than $7.1 million was allocated for customizable employee training activities in FY 2022, up from $3.9 million the year prior. Moreover, the report found that the number of TRAINS projects led by KCTCS Workforce Solutions ballooned from 117 to 240 in the last fiscal year, new Workforce Solutions clients grew by 147 percent during that same period and enrollment jumped by 41 percent (up to 19,111).
Manufacturing was the top sector receiving services and funding under TRAINS overall, with $4,141,603 invested in 118 companies, and a total of 142 companies served through customized solutions. Other leading sectors included healthcare, logistics and business services.
Of note, TRAINS offsets the cost of customized training for incumbent worker upskilling, pre-employment training, assessments and apprenticeship programs. KCTCS has expanded financial assistance now offsetting 75 percent (up from 50 percent) of a business’s costs associated with developing tailored talent pipeline initiatives.
With funding established by the Kentucky General Assembly, KCTCS is proud to deliver TRAINS-backed projects to help businesses across the Commonwealth equip their current and potential employees with the tools and on-the-job experience to succeed at work and beyond.
The full KCTCS Workforce and Economic Development Annual Report can be found here.