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Charlotte Amalie
Saturday, May 25, 2024
HomeNewsLocal governmentLabor Shed Study to Focus on Economic Recovery and Development in Territory

Labor Shed Study to Focus on Economic Recovery and Development in Territory

U.S. Commerce Department – Economic Development Administration

Gov. Albert Bryan Jr. has announced a new USVI labor shed study that will support economic recovery and development across the territory. It will assess workforce skills, identify training needs and provide recommendations to better prepare the current workforce and a new generation of workers for job opportunities in the years ahead.

The study is being made possible through funding and support from the Federal Emergency Management Agency and the U.S. Economic Development Administration.

“This important study is a key component of the USVI Vision 2040 plan,” the governor said. “The results will benefit the territory greatly as we prepare our current workforce and invest in the next generation of home-grown talent, who are critical to the sustainment of our economy. The labor shed study team will be reaching out to many of you in the weeks ahead, and I encourage you to participate and share your ideas and perspectives.”

The labor shed study is designed to offer a “deep dive” into the USVI’s workforce and the training/ education systems that support it. The analysis will identify competitive advantages of the U.S. Virgin Islands workforce along with areas of potential challenges.

Specifically, the study will focus on current and future talent needs in the eight target industry sectors highlighted in the USVI Vision 2040 report and will identify industry occupations in greatest demand. Recommendations will be provided on how to effectively train and upskill our residents for these growing careers.

The study is being conducted by J&M Global Solutions in conjunction with the University of the Virgin Islands.

For more information, contact Olewaumfami Banjoko, Ph.D., at Oluwafemi.banjoko@uvi.edu.

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