STOCK TITAN

The Home Depot Foundation Invests $10 Million in Skilled Trades Training, Launches Partnership with Boys & Girls Clubs of America

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership clinical trial

Home Depot (NYSE:HD) Foundation announced a $10 million investment to expand skilled trades training and education, including a new $1 million partnership with Boys & Girls Clubs of America. The initiative aims to address the critical shortage of skilled construction workers, with approximately 400,000 current job openings in the sector.

The program will launch a two-year pilot across Atlanta, Phoenix, and Houston, targeting over 1,000 youth for training in carpentry, electrical, HVAC, and plumbing. The investment includes expanded programming with Home Builders Institute (HBI), supporting nearly 2,000 more high school students and 25 additional schools. The Foundation has already invested over $550 million in veteran causes and pledged $750 million by 2030.

Home Depot (NYSE:HD) Foundation ha annunciato un investimento di 10 milioni di dollari per ampliare la formazione e l'istruzione nei mestieri specializzati, incluso un nuovo partenariato da 1 milione di dollari con i Boys & Girls Clubs of America. L'iniziativa mira a contrastare la grave carenza di operai specializzati nel settore delle costruzioni, che conta circa 400.000 posti di lavoro vacanti.

Il programma partirà con un progetto pilota biennale ad Atlanta, Phoenix e Houston, rivolto a oltre 1.000 giovani per la formazione in carpenteria, elettricità, HVAC e idraulica. L'investimento comprende l'espansione dei programmi con il Home Builders Institute (HBI), a sostegno di quasi 2.000 studenti delle superiori in più e di 25 scuole aggiuntive. La Foundation ha già investito oltre 550 milioni di dollari in cause veterane e ha promesso 750 milioni di dollari entro il 2030.

Home Depot (NYSE:HD) Foundation anunció una inversión de 10 millones de dólares para ampliar la formación y la educación en oficios especializados, incluyendo una nueva asociación de 1 millón de dólares con los Boys & Girls Clubs of America. La iniciativa busca afrontar la grave escasez de trabajadores cualificados en la construcción, con aproximadamente 400.000 vacantes actuales en el sector.

El programa lanzará un piloto de dos años en Atlanta, Phoenix y Houston, dirigido a más de 1.000 jóvenes para formarlos en carpintería, electricidad, HVAC y fontanería. La inversión incluye la ampliación de programas con el Home Builders Institute (HBI), apoyando a casi 2.000 estudiantes de secundaria adicionales y a 25 escuelas más. La Foundation ya ha invertido más de 550 millones de dólares en causas de veteranos y se ha comprometido a 750 millones de dólares para 2030.

Home Depot (NYSE:HD) 재단은 숙련 기술 교육과 교육 확대를 위해 1,000만 달러 투자를 발표했으며, 그 일환으로 Boys & Girls Clubs of America와의 새로운 100만 달러 파트너십을 포함합니다. 이 이니셔티브는 건설 분야의 심각한 숙련 노동자 부족 문제에 대응하는 것을 목표로 하며, 현재 해당 분야에는 약 40만 개의 일자리 공석이 있습니다.

이 프로그램은 애틀랜타, 피닉스, 휴스턴에서 2년간 파일럿을 시작해 목공, 전기, HVAC, 배관 분야에서 1,000명 이상 청소년을 대상으로 교육을 진행합니다. 투자는 Home Builders Institute(HBI)와의 프로그램 확대도 포함해 거의 2,000명의 고등학생 추가 지원25개 추가 학교를 돕습니다. 재단은 이미 5억5,000만 달러 이상을 재향군인 관련 사업에 투자했으며 2030년까지 7억5,000만 달러를 약속했습니다.

Home Depot (NYSE:HD) Foundation a annoncé un investissement de 10 millions de dollars pour développer la formation et l'éducation aux métiers qualifiés, incluant un nouveau partenariat d'un million de dollars avec les Boys & Girls Clubs of America. L'initiative vise à remédier à la pénurie critique de travailleurs qualifiés dans la construction, avec environ 400 000 offres d'emploi actuellement dans le secteur.

Le programme lancera un projet pilote de deux ans à Atlanta, Phoenix et Houston, visant plus de 1 000 jeunes pour des formations en menuiserie, électricité, CVC et plomberie. L'investissement comprend l'élargissement des programmes avec le Home Builders Institute (HBI), soutenant près de 2 000 lycéens supplémentaires et 25 écoles additionnelles. La Foundation a déjà investi plus de 550 millions de dollars dans des causes en faveur des anciens combattants et s'est engagée à 750 millions de dollars d'ici 2030.

Home Depot (NYSE:HD) Foundation kündigte eine Investition von 10 Millionen US-Dollar zur Ausweitung der Ausbildung und Bildung im Bereich der Fachhandwerke an, einschließlich einer neuen Partnerschaft über 1 Million US-Dollar mit den Boys & Girls Clubs of America. Die Initiative zielt darauf ab, dem akuten Mangel an qualifizierten Bauarbeitern entgegenzuwirken; im Sektor gibt es derzeit etwa 400.000 offene Stellen.

Das Programm startet einen zweijährigen Pilotversuch in Atlanta, Phoenix und Houston und richtet sich an über 1.000 Jugendliche für Ausbildungen in Tischlerei, Elektrotechnik, HLK und Sanitär. Die Investition umfasst eine Ausweitung der Programme mit dem Home Builders Institute (HBI) und unterstützt fast 2.000 weitere Oberschüler sowie 25 zusätzliche Schulen. Die Foundation hat bereits über 550 Millionen US-Dollar für Veteranenprojekte investiert und sich 750 Millionen US-Dollar bis 2030 verpflichtet.

Positive
  • Addresses critical workforce gap in construction trades valued at $10.8 billion impact
  • Strategic expansion to 25 new schools and 2,000 additional high school students
  • Partnership with established organizations (BGCA, HBI) ensures effective program delivery
  • Comprehensive approach targeting youth, veterans, and military families
Negative
  • Limited initial pilot scope to only three cities (Atlanta, Phoenix, Houston)
  • Significant skills gap remains with 400,000 open construction jobs

New Path to Pro grants will expand opportunities for K-12 students, separating service members, military families and others pursuing careers in skilled trades

ATLANTA, Aug. 20, 2025 /PRNewswire/ -- As students nationwide return to school, The Home Depot Foundation is investing $10 million to broaden access to skilled trades training and education. This investment includes a new $1 million partnership with Boys & Girls Clubs of America (BGCA), designed to introduce more young people to career opportunities in the construction trades.

Through the Foundation's Path to Pro program – focused on helping to fill the skilled labor gap – the partnership with BGCA launches a two-year pilot in Boys & Girls Clubs across Atlanta, Phoenix and Houston that will introduce more than a thousand children and teens to careers in carpentry, electrical, HVAC and plumbing. Integrated within Boys & Girls Clubs of America's Life & Workforce Readiness Program, Club members will learn new skills, gain hands-on experiences and have opportunities to apply their skills by working alongside Team Depot, The Home Depot's associate volunteer force, on community-based projects.

"The skilled trades offer some of the most promising career paths, yet many young people either aren't aware of or lack access to these opportunities," said Erin Izen, executive director of The Home Depot Foundation. "This investment in our Path to Pro nonprofit partners – including our new partnership with Boys & Girls Clubs of America – empowers students to hone these new skills while also strengthening the future of the construction industry."

Despite approximately 400,000 job openings in the skilled construction trades, only a small fraction of young workers entering the labor market express interest in pursuing careers in these fields. A study by Home Builders Institute (HBI) and the University of Denver projects this workforce gap could cost the residential construction industry $10.8 billion due to longer build times and a loss of production on single-family homes. With many skilled trades workers retiring in the coming decade, early exposure to these careers is vital to build a sustainable pipeline of talent.

"At Boys & Girls Clubs of America, we're committed to helping young people explore meaningful opportunities that set them up for success," said Jennifer Bateman, senior vice president of youth development. "This partnership with The Home Depot Foundation opens doors to skilled trades careers, empowering thousands of youth to discover their potential and build great futures."

Beyond the partnership with Boys & Girls Clubs of America, this investment also helps expand programming with existing partners, such as HBI, which will use funds to grow its pre-apprenticeship certification to nearly 2,000 more high school students and 25 additional schools; continue its initiative with 100 Black Men of America; and maintain its military transition programs focused on trades training, certification and job placement.

New grants will also support separating service members, military families and veterans, such as through Folds of Honor scholarships for those entering or enrolling in accredited trade schools. Construction Ready and SkillPointe Foundation will also receive funding for classroom and hands-on training and scholarships that will help pave the way for students pursuing careers in the skilled trades.  

These Foundation initiatives co-exist alongside the company's Path to Pro programs, including the free online Skills Program and the Path to Pro Network, which now has a database of more than 65,000 candidates seeking employment in the skilled trades.  

About The Home Depot Foundation 

The Home Depot Foundation, a nonprofit supported by The Home Depot (NYSE: HD), works to improve the homes and lives of U.S. veterans, support communities impacted by natural disasters and train skilled tradespeople to fill the labor gap. Since 2011, the Foundation has invested more than $550 million in veteran causes and improved more than 65,000 veteran homes and facilities. The Foundation has pledged to invest $750 million in veteran causes by 2030 and $50 million in training the next generation of skilled tradespeople through the Path to Pro program by 2028. To learn more about The Home Depot Foundation visit HomeDepotFoundation.org and follow us on Twitter @HomeDepotFound and on Facebook and Instagram @HomeDepotFoundation. 

About Path to Pro

In the U.S., there are more than 400,000 open construction jobs today, a number that is only growing. Through the Path to Pro Program, The Home Depot Foundation offers free training opportunities and scholarships to introduce youth, underserved communities and separating U.S. military servicemembers to meaningful careers in plumbing, carpentry, electrical and HVAC. Additionally, The Home Depot connects skilled tradespeople to construction job openings and offers free, virtual classes on careers in the trades. For more information, visit PathtoPro.com.

About Boys & Girls Clubs of America

For more than 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. Over 5,500 Clubs serve more than 4 million young people through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native lands throughout the country, and serve military families in BGCA-affiliated Youth Centers on U.S. military installations worldwide. The national headquarters is located in Atlanta. Learn more about Boys & Girls Clubs of America on Facebook and LinkedIn.  

For more information, visit corporate.homedepot.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/the-home-depot-foundation-invests-10-million-in-skilled-trades-training-launches-partnership-with-boys--girls-clubs-of-america-302533746.html

SOURCE The Home Depot Foundation

FAQ

How much is Home Depot Foundation investing in skilled trades training in 2025?

The Home Depot Foundation is investing $10 million in skilled trades training, including a $1 million partnership with Boys & Girls Clubs of America.

What is the current skilled labor gap in construction trades according to HD?

There are approximately 400,000 job openings in the skilled construction trades, with a projected impact of $10.8 billion on the residential construction industry.

Which cities are part of Home Depot's Boys & Girls Clubs training pilot program?

The two-year pilot program will launch in Atlanta, Phoenix, and Houston, aiming to introduce more than 1,000 youth to trades careers.

What is Home Depot Foundation's total commitment to veteran causes by 2030?

The Foundation has pledged to invest $750 million in veteran causes by 2030 and has already invested more than $550 million since 2011.

What trades are included in Home Depot's Path to Pro training program?

The Path to Pro program offers training in carpentry, electrical, HVAC, and plumbing through various initiatives and partnerships.
Home Depot

NYSE:HD

HD Rankings

HD Latest News

HD Latest SEC Filings

HD Stock Data

397.35B
994.03M
0.07%
73.6%
1.08%
Home Improvement Retail
Retail-lumber & Other Building Materials Dealers
Link
United States
ATLANTA