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Share Name | Share Symbol | Market | Type |
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Lowes Companies Inc | NYSE:LOW | NYSE | Common Stock |
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Foundation plans to recruit, train and prepare 50,000 job-ready tradespeople
MOORESVILLE, N.C., March 13, 2024 /PRNewswire/ -- The Lowe's Foundation has selected 10 community-based nonprofits as Gable Grants recipients to enhance their innovative skilled trades training programs. These nonprofits expand the foundation's roster of grant recipients to 24 organizations offering inclusive and scalable training programs in 25 states nationwide.
"Skilled trades built our country. But the rate we're on, by 2050, there won't be enough electricians to keep the lights on," said LaToya Faustin, executive director of She Built This City, one of two Gable Grants recipients in Charlotte. "For many people, these careers represent a change in the direction of their lives because they're empowered to say, 'I can do this.'"
The grants are the latest investment in the Lowe's Foundation's five-year, $50 million commitment to support the training of 50,000 people for skilled trades careers. Through these grants, students will strengthen their skills across carpentry and construction, HVAC, electrical, plumbing and appliance repair.
"The skilled trades industry offers fulfilling and lucrative opportunities that are in high demand, with over half a million additional tradespeople needed this year in construction alone," said Janice Dupré, Lowe's executive vice president of human resources and chair of the Lowe's Foundation. "These community-based nonprofits have proven their ability to recruit and train a high volume and high quality of tradespeople for America's workforce. They are providing an essential service because they are launching careers, not just jobs."
The Lowe's Foundation Gable Grants for community-based nonprofits range from $260,000 to $1 million and include:
Eligible community and technical colleges that offer skilled trades training can submit Lowe's Foundation Gable Grant applications until March 31 at Lowes.com/Foundation. The next grant application cycle for community-based nonprofits is August 1-31, 2024.
About the Lowe's Foundation
The Lowe's Foundation, an independent 501(c)(3) organization founded by Lowe's Companies, Inc. (NYSE: LOW), is helping develop a community of skilled tradespeople to build and revitalize our homes, neighborhoods and infrastructure for the future. From 2023 through 2027, the Lowe's Foundation is investing $50 million to help prepare 50,000 people for skilled trades careers through grants to community and technical colleges, community-based nonprofit organizations and national nonprofit partners with a strong local presence. To learn more about the Lowe's Foundation, visit Lowes.com/Foundation and follow on X, Facebook and LinkedIn.
Media Contact
Sebastian Hale
Lowe's Foundation
sebastian.hale@lowes.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/lowes-foundation-awards-over-6-million-in-gable-grants-to-innovative-community-based-nonprofits-to-shore-up-americas-skilled-trades-workforce-302087284.html
SOURCE Lowe’s Foundation
Copyright 2024 PR Newswire
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