What is the story about?
What's Happening?
Citizens Financial Group Inc. is investing $1.5 million in Rhode Island over the next three years to support workforce development in the AI era. The funding is part of a larger $20 million regional commitment aimed at upskilling workers for the changing job market. The initiative will focus on job training, education access, and helping workers adapt to technological shifts. The first round of funding announcements is expected in November.
Why It's Important?
As AI continues to reshape industries, workforce development is crucial for ensuring economic stability and opportunity. Citizens' investment aims to equip workers with the skills needed to thrive in a rapidly changing environment. This initiative supports economic growth and addresses concerns about job displacement due to AI.
What's Next?
Citizens will announce the first round of funding recipients in November. The investment will support partnerships with organizations like Junior Achievement and Education Design Lab to expand training programs. The focus will be on connecting people to in-demand careers and boosting economic opportunity.
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