Lowe's Foundation Announces $50 Million Grant Program to Meet Demand for Skilled Tradespeople
The Lowe's Foundation announced a $50 million commitment over the next five years to prepare 50,000 people for skilled trades careers through grants to community and technical colleges and community-based nonprofits.
The new focus addresses one of the most critical worker shortages currently facing the U.S. economy. According to a 2022 survey from the Association of General Contractors of America, 85% of contractors report trouble finding skilled workers. Figures from the Associated Builders and Contractors say an estimated 546,000 new skilled tradespeople will be needed to meet demand in this year alone.