Capital One’s new Future Edge initiative highlighted in President’s
launch of TechHire
MCLEAN, Va.--(BUSINESS WIRE)--Mar. 9, 2015--
In a speech earlier today, President Obama unveiled the administration’s
TechHire initiative, highlighting the need to invest in training and
development of today’s workforce and programs to train and engage the
workforce of the future. In the president’s speech, Capital One was
recognized for its commitment to help address the digital skills gap and
train and hire more Americans for new, tech-focused jobs.
Capital One will support TechHire as part of its Future Edge initiative,
through which the company will focus $150 million over 5 years to help
more Americans succeed in a digital economy.
"Technology is dramatically changing the way we live and work. Helping
people become more digitally fluent is essential for American workers
and our economy," said Richard D. Fairbank, Capital One's Founder and
Chief Executive Officer. "There is an insatiable demand for great
technology talent as the rate of change across industries continues to
accelerate. Capital One's Future Edge initiative will help motivated
individuals build the skills required to succeed in the digital world.
We are excited about TechHire and the opportunity, with Future Edge, to
support the President's efforts to expand the talent pipeline for 21st
century jobs."
Through Future Edge, Capital One will support TechHire and by working in
collaboration with Opportunity@Work and other partners to help develop
best practices to connect job seekers with job opportunities. Capital
One is also working to support TechHire at the local level. In Delaware,
Capital One has served as a leader in the TechHire Delaware initiative,
a coalition being convened by Governor’s Jack Markell. Capital One is
investing in TechHire DE to provide job skills training for technology
roles and is committed to hiring program graduates.
According to White House statistics, America has approximately 5 million
open jobs today, more than at any point since 2001. Over half a million
of those job openings are in fields like software development, network
administration, and cybersecurity, many of which did not even exist just
a decade ago. Helping more Americans train and connect to these jobs is
a key element of the President’s middle-class economics agenda. As part
of that agenda, TechHire is a bold public-private initiative to empower
Americans with the skills they need, through universities and community
colleges but also nontraditional approaches like “coding boot camps,”
and high-quality online courses that can rapidly train workers for a
well-paying job often in just a few months. Many of these programs do
not require a four-year degree.
Capital One’s Future Edge initiative will focus $150 million in
community grants and initiatives over 5 years to help more Americans
succeed in the digital economy. Working with leading educational and
community organizations like General Assembly and Grovo, Capital One
will focus on cultivating creative, new ways to help ensure the benefits
of technology and innovation are being felt in communities across the
country. Capital One’s goal is to help more Americans develop the skills
they need for the jobs of today and tomorrow; help entrepreneurs succeed
in the digital age; and provide money management resources to prepare
people for future economic success.
About Capital One
Capital One Financial Corporation, headquartered in McLean, Virginia, is
a Fortune 500 company with more than 900 branch locations primarily in
New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the
District of Columbia. Its subsidiaries, Capital One, N.A. and Capital
One Bank (USA), N. A., offer a broad spectrum of financial products and
services to consumers, small businesses and commercial clients. We apply
the same principles of innovation, collaboration and empowerment in our
commitment to our communities across the country that we do in our
business. We recognize that helping to build strong and healthy
communities – good places to work, good places to do business and good
places to raise families – benefits us all and we are proud to support
this and other community initiatives. www.capitaloneinvestingforgood.com
Source: Capital One Financial Corporation
Capital One Financial Corporation
Shelley Solheim, 917-589-6203
Shelley.Solheim@capitalone.com