Initiative includes new scholarship program funded by The Provident and area businesses to address shortage of qualified labor.
Manchester, March 29, 2017 – The Provident Bank and Manchester Community College are taking immediate steps to address the critical shortage of qualified labor in the manufacturing arena with the launch of a new regional advanced manufacturing center. The newly revamped Advanced Manufacturing Center will be a resource on the Manchester Community College campus where both students and companies can go for information on programs, internships, matching as well to learn more about career opportunities.
In addition to the Manufacturing Center, The Provident will also be providing funds to establish a scholarship program to include non-credit workforce training as well as credit opportunities. Funds from the Governor’s Training Grant will also be used to create registered apprenticeships for companies.
“Advanced manufacturing is a critical component of our state’s economy, yet we don’t have enough qualified workers,” stated Ross Gittell, chancellor of the Community College System of New Hampshire. “The programs will help provide an injection of trained people into the workforce within the next 3-6 months for an immediate impact. These students can then continue their education while they are working a good paying job that has opportunity for advancement.”
The program is geared toward helping small to mid-size advanced manufacturers and is based on the successful larger industry-college partnerships that MCC created with Hitchiner Manufacturing and Great Bay Community College forged with Albany International.
“The Provident is committed to the communities that we serve,” stated Dave Mansfield, CEO of The Provident. “Having started my education in a community college system, I am proud to help launch this program that will provide students with the opportunity for advancement. Community colleges are great starting points for a career and a resource for companies to find qualified talent. Our goal is that this program will help the participants and the overall economic development of the region.”
New Hampshire’s Department of Resources and Economic Development, through its Office of Workforce Opportunity, will also be contributing funds to help maximize the impact of the program.
“The future of New Hampshire depends upon having a trained workforce,” stated Mike Power, director of Workforce Community Development at NHWorks. “Having companies like The Provident, step up with much needed funding to help augment these types of training programs, is going to be critical to our state’s future. The only way to have a competitive advantage is by meeting our current and future skilled labor needs and this program will certainly help in building up the necessary workforce.”
The program will also include the development of a year-long seminar series that will provide small and medium-sized businesses with the knowledge on how to scale effectively and adopt emerging technologies at the rate demanded by their larger colleagues and competitors.
About The Provident
The Provident is an innovative, commercial bank that finds solutions for our business and private clients. We are committed to strengthening the economic development of the regions we serve, by working closely with businesses and delivering superior products and high-touch services to meet their banking needs. The Provident has offices in Massachusetts and New Hampshire. All deposits are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).