Workforce Development Programs Are in Overdrive

8 Feb 2022


News

States have always competed for new development projects and expansions to broaden their tax base and create good-paying jobs for their workers. Incentive packages typically include free workforce recruitment, training, and other support, as long as the companies hit their investment and employment goals. However, the COVID-19 has disrupted the U.S. economy, resulting in the loss of nearly 20 million jobs and the closure and bankruptcy of thousands of companies, while other businesses turned to Industry 4.0, such as automation and robotics, and invested in the communication technologies required for remote work to stay in operation.

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