- Total investment by Lowe's Foundation (LOW, Financial) in skilled trades training increases to $43 million across 28 states.
- 12 new Gable Grants recipients expand the network to 60 community and technical colleges.
- The initiative aims to address a $10 billion annual economic loss in the housing industry due to a skilled labor shortage.
Lowe's Foundation (LOW) has strengthened its commitment to tackling the shortage of skilled trades workers in the U.S. by increasing its investment to $43 million spread across 28 states. This expansion includes 12 new Gable Grants recipients, which now brings the foundation's network to 60 community and technical colleges.
This initiative is a crucial part of Lowe's Foundation's five-year commitment to invest $50 million to recruit, train, and prepare 50,000 trades professionals in various fields like carpentry, construction, HVAC, electrical, plumbing, and property maintenance. According to the National Association of Homebuilders, the current skilled labor gap results in a $10 billion annual economic loss in the housing sector.
The program has strategically focused on areas including disaster recovery and major infrastructure projects. Notable recipients include Blue Ridge Community College in North Carolina, which will support Hurricane Helene recovery efforts, and Cape Fear Community College, which will implement programs in correctional facilities using integrated virtual reality training.
Applications for the next Gable Grant cycle will be open exclusively to invited community-based nonprofits from August 1 to August 31, 2025. For more details on eligibility and the benefits of skilled trades careers, interested parties are encouraged to visit LowesFoundation.org.
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