The Annual Report for FY13 gives a "Year in Review" from July 1, 2012 to June 30, 2013, highlighting key workforce development initiatives, research projects, and our public and private partnerships.
Healthcare Cost Containment Law & Impact on Healthcare Workforce
We invited Jessica Larochelle from Blue Cross Blue Shield of Massachusetts Foundation to present an overview of the forces driving healthcare payment and delivery system reform, reform efforts in the state, and the implications for the workforce. Following the presentation two employers discussed the implications the law has already had on their healthcare organizations.
Increased Incentives for Companies Hiring Veterans & Long-Term Unemployed
Business can now receive $5,000 for each new employee who has been unemployed for six months or longer or who are military veterans. Businesses can receive up to $75,000 each calendar year. The Hiring Incentive Training Grant program is part of the Workforce Training Fund, a business-financed initiative that provides resources to businesses to increase the skills of their workers.
Supporting the Healthcare Workforce
The Health Care Workforce Transformation Fund supports education, training, and employment programs to address healthcare workforce needs. Commonwealth Corporation recently awarded Planning Grants to 51 organizations across the state and released a Request for Proposals for Implementation Grants.
Join us on July 9, 2014 at Salem State University for Payment Reform in Massachusetts: Impact & Opportunities for the Healthcare Workforce. Registration is required!
WCTF Partners Celebrate Graduations
Many of our Workforce Competitiveness Trust Fund partners celebrated graduations this spring. The 15 WCTF grant partnerships involve more than 100 businesses and benefit 850 job seekers and incumbent employees. Participants in Community Work Services' Careers in Hospitality Program (pictured) complete training for careers in the travel and tourism sector and receive job placement assistance. Congratulations to the graduates!
Are Teen Jobs Becoming a Luxury Good?
A recent Boston Globe article looked at the declining teen employment rate and the long-term implications for teens that lack work experience. "Work is really a [teen's] first interaction with the adult world," said Paul Harrington, coauthor of Commonwealth Corporation's Signaling Success teen employment study. Coauthor Nancy Snyder pointed out how early work experience is when teens and young adults acquire basic work behaviors like attendance and punctuality.
Learn more about our teen employment initiatives and download Signaling Success: Boosting Teen Employment Prospects.
'Share Your Art - Share Your Voice!' Youth Art Showcase
The second annual 'Share Your Art - Share Your Voice!' youth showcase was held on June 17, 2014 at UMass Boston. The showcase featured art and performances by youth involved with the Massachusetts Department of Youth Services. Learn more about our partnership with DYS and our educational, arts, and workforce development programming.
Did you know?
Our next Board of Directors meeting is:
Thursday, July 24, 2014
12:00 - 2:00pm
@ Commonwealth Corporation
Commonwealth Corporation hosted a presentation and discussion about Massachusetts' healthcare cost containment law (Ch. 224) and its impact on the healthcare workforce. Jessica Larochelle from Blue Cross Blue Shield of Massachusetts Foundation presented an overview of payment and delivery system reform efforts in the state and the implications for the workforce.
Annual Report for Fiscal Year 2013
In FY13 (July 1, 2012 to June 30, 2013) Commonwealth Corporation supported more than 5,000 teens and young adults in their first work experience and development of critical work-readiness skills. We also launched new efforts to build regional partnerships of industry, education, and workforce leaders that will train and place nearly 900 adults.
For a full recap of our FY13 accomplishments, download our Annual Report.