The Challenges Driving the Workforce Gap The labor shortage is well-documented, and the numbers are staggering. According to the National Association of Home Builders (NAHB), the shortage of skilled tradespeople reached nearly 725,000 in October 2024, up from 500,000 in January 2024. Mike Rowe, a prominent advocate for skilled trades, encapsulated the issue: “Every year, for every five tradespeople who retire, two people replace them.” This gap is not confined to metropolitan areas or mega-projects. Rural regions are experiencing an even greater struggle. According to a Richmond Federal Reserve study, areas with fewer than 250,000 people face 20% more difficulty recruiting skilled labor. Consequently, wages in rural areas are rising at 8% annually, compared to 5.6% in urban areas. As urban centers expand infrastructure projects, rural communities face added pressure to meet workforce demands. This trend underscores the need for a comprehensive solution that addresses both rural and urban labor challenges. The Opportunity Amid the Crisis While these challenges may seem daunting, they also present an opportunity for our craft workforce, particularly for field leaders who can adapt, learn and deliver measurable results. With advancements in tracking and reporting, the impact of skilled leadership is easier to quantify than ever before. However, current outcomes often fall short of industry needs. By prioritizing workforce development, the industry can not only address today’s shortages but also prepare for future demands in infrastructure and energy security. Our Solution We are a self-performing service and construction provider headquartered in Westminster, Colorado, tackling this challenge head-on. As a values-driven company committed to grit and excellence in the industrial infrastructure space, we have partnered with ABC to create innovative workforce solutions. This partnership focuses on several key initiatives, including: • Advocacy for Smart Regulations: With support from ABC, we are advocating for policies like the Stronger Workforce for America Act (HR 6655) and addressing regulatory challenges in the Inflation Reduction Act that hinder workforce growth. • Empowering Local Communities: ABC’s mission aligns with our goals of training people where they are, ensuring that rural areas have access to the resources needed for workforce development. 28
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