Issue link: https://nebusinessmedia.uberflip.com/i/1107127
www.HartfordBusiness.com • April 22, 2019 • Hartford Business Journal 23 Connecticut's labor agency has awarded $4.7 million to a pair of manufacturing-training partnerships that will find and train some of the thousands of jobless and underemployed youth and adults needed to replenish the state's strained manufacturing-employment pipeline. The state Department of Labor (DOL) announced its award to the Northwest Regional Workforce Investment Board Manufacturing Industry Partnership and the Workforce Alliance Manufacturing Careers Partnership (WAMCP). The Workforce Alliance partnership will draw over $3.4 million and the Northwest Regional Workforce partnership, $1.25 million, DOL said. In return, both partnerships will recruit, screen, assess and train youth and adults for job placement with manufacturers, the agency said. The primary goal is to fill in-demand jobs in manufacturing that will support the state's employers and grow Connecticut's economy. The awards are part of the state-funded $5 million Apprenticeship Connecticut initiative administered by DOL. State lawmakers approved money in 2017 as part of a potentially $50 million program that DOL and its workforce- development partners will use to identity and train up to 10,000 unemployed and underemployed residents to fill job shortages in manufacturing and other industry sectors. Workforce Alliance said its award will allow for the expansion of Skill Up for Manufacturing, which has already launched two five-week cycles in 2019 and has another class beginning May 6 at Gateway Community College in New Haven. All graduates of the first group received at least one job offer. Expansion will mean more classes at Gateway and also Middlesex Community College in Middletown, plus partnerships with regional high schools and additional manufacturing employers who will continue training on-the-job. Nonprofit Notebook NONPROFIT PROFILE Hartford Area Habitat For Humanity 75 Charter Oak Ave., Hartford | hartfordhabitat.org Mission: To eliminate substandard housing locally through constructing, rehabilitating and preserving homes. Top Executive: Karraine Moody, Executive Director Services: Provides homebuilding and renovation services to low-income populations. FY 2018 SUMMARY 2017 2018 Total Employees 38 34 Total Assets $15,146,473 $13,982,138 Total Liabilities $6,392,202 $6,029,902 REVENUES Contributions & Grants $2,198,719 $2,522,594 Program Service Revenue $2,442,801 $2,753,029 Investment Income $89,161 $89,011 Other $747,240 $451,776 Total $5,477,921 $5,816,410 EXPENSES Grants $0 $0 Member Benefits $0 $0 Salaries/Employee Benefits $1,245,874 $1,317,595 Fundraising Fees $0 $0 Other $4,023,105 $4,990,982 Total $5,268,979 $6,308,577 Margin $208,942 $(492,167) TOP PAID EXECUTIVES (FY 2018) Base salary Comp. & Benef. Karraine Moody, Executive Director $122,400 $125,654 Mike Deroy, Director of Finance $76,000 $78,474 Source: Guidestar IRS 990 Tax Form We insure businesses large and small: CONSTRUCTION • FARMERS FINANCE & REAL ESTATE • HOSPITALITY INSTITUTIONS • MANUFACTURING PROFESSIONAL OFFICE • RETAILERS SERVICE • TRANSPORTATION WHOLESALERS • WOOD PRODUCTS Closer Coverage SM means more value, delivered with a personal touch. Our priority is providing Closer Coverage SM for you. At Acadia Insurance, we believe that better coverage means having an in-depth knowledge of your business. This means understanding the risks and uncertainties from your perspective. At Acadia Insurance, this is how we are closer to your business — and to you.