How many jobs could your company add if the state paid for your employees to train? In North Carolina, it has helped hundreds of employees at Caterpillar achieve important skills they will need for their job.
Some of Caterpillar’s newest factory workers are training inside a former carpet warehouse here in the heart of tobacco country. In classrooms, they click through online tutorials and study blueprints emblazoned with the company’s logo. And on a mock factory floor, they learn to use wrenches, hoses and power tools that they will need to build axles for large mining trucks.
The primary beneficiary is undoubtedly Caterpillar, a maker of industrial equipment with rising profits that has a new plant about 10 miles away in Winston-Salem.
Yet North Carolina is picking up much of the cost. It is paying about $1 million to help nearly 400 workers acquire these skills, and a community college has committed to develop a custom curriculum that Caterpillar has valued at about $4.3 million.
Caterpillar is one of dozens of companies, many with growing profits and large cash reserves, that have come to expect such largess from states in return for creating jobs. The labor market is finally starting to show some signs of improvement, with the government reporting Friday that employers created 200,000 jobs in December.
Photo by Seattle Municipal Archives