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Despite economic uncertainty, American employers are still investing in talent

On May 26 at 1p.m. ET, the U.S. Chamber of Commerce Foundation in partnership with SHRM (Society for Human Resource Management), will host a virtual event to release new research exploring the current workplace landscape and examine the challenges that hinder innovation in training and employee development. Notably, the survey highlights that despite economic uncertainty, employers have an appetite for further talent investment and employer collaborations. The survey centered on four types of training: skill-based training, paid work-based training, tuition assistance, and financial wellness and security benefits. “Even in a time of significant economic and labor market volatility, employers have maintained their investment in and commitment to their workers with many eager to increase it,” says Jason A. Tyszko, vice president of the U.S. Chamber Foundation’s Center for Education and Workforce.

Hunterdon Economic Recovery Task Force awards grants

The Task Force was established this year as a direct result of the pandemic. “The Task Force was formed to look at the long-term recovery needs for the business community here in Hunterdon County,” said Chris Phelan, Chamber president said. “This has been an unprecedented year with so many challenges from COVID 19, to the economic loss, that we know we needed to look at developing long-term strategies to help in the recovery through 2021.” The Chamber Foundation has awarded six Small Business Recovery Grants through the Hunterdon Economic Recovery Fund. The recipients of the first Small Business Recovery Grants are Chameleon Blue, Heartstrings, Beyond Bijoux, Roses In Your Hair, Balic of Clinton, and Rosemarie’s Cucina. The grant criteria focused on retail shops and restaurants with less than 20 employees and no chain affiliations.

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