BlackRock Launches $25 Million Initiative for Skilled Trades
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Newsfilter
- Funding Initiative: BlackRock has launched a $25 million nationwide Request for Proposals (RFP) as part of its $100 million philanthropic effort, aiming to connect 50,000 American workers to skilled trades careers over the next five years, significantly enhancing the skilled workforce in the U.S.
- Grant Details: The BlackRock Foundation will award two-year grants ranging from $500,000 to $1 million through two funding cycles, enabling local, regional, and national nonprofits to expand programs that provide access to high-quality skilled trades training and career pathways.
- Management Partnership: The RFP will be administered by Jobs for the Future (JFF), a nonprofit with extensive workforce development expertise, ensuring a smooth application process and supporting proposal reviews to enhance career opportunities in skilled trades.
- Texas Success Story: This RFP builds on the successful launch of Future Builders in Texas last month, where BlackRock committed $30 million over three years to train over 12,000 Texans for electrical careers, addressing the state's rapidly growing workforce needs.
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Analyst Views on BLK
Wall Street analysts forecast BLK stock price to rise
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 1018.960
Low
1209
Averages
1354
High
1550
Current: 1018.960
Low
1209
Averages
1354
High
1550
About BLK
BlackRock, Inc. is an investment management company. The Company provides a range of investment management and technology and subscription services to institutional and retail clients. Its diverse platforms of alpha-seeking active, private markets, index and cash management investment strategies across asset classes enable it to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives, and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds, separate accounts, collective investment funds and other pooled investment vehicles. It also offers technology services, including the investment and risk management technology platform, Aladdin, Aladdin Wealth, eFront, and Cachematrix, as well as advisory services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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