The 2023 Workforce Competitiveness Trust Fund (WCTF) Annual Report is now available! Discover our successes in expanding training, upskilling workers, and meeting employers’ needs across Massachusetts.
The Healey-Driscoll Administration, with the support of the Legislature, dedicates significant effort and strategy to leverage the Workforce Competitiveness Trust Fund (WCTF) as a key tool in the toolbox to prepare, train, and hire untapped, diverse talent in Massachusetts. WCTF was established through economic stimulus legislation passed by the Massachusetts Legislature in 2006. Led by Commonwealth Corporation (CommCorp), a quasi-public agency under the Executive Office of Labor and Workforce Development, WCTF invests in demand-driven programs designed by industry-sector partnerships that train and place unemployed and underemployed workers. The purpose of the fund is to support the development and implementation of employer and worker-responsive programs to enhance worker skills, incomes, productivity, and retention and to increase the quality and competitiveness of Massachusetts firms.
Download the report to see how WCTF grants promote diversity, equity, and inclusion in Massachusetts’ workforce. The annual report, mandated by Massachusetts law, details the impact on education, employment, participant benefits, and more.