With help from the GOP tax cuts, Boeing is investing in STEM workforce development. The National Association of Manufacturers detailed Boeing’s announcement on their Shopfloor blog, one of the best sources to learn about the positive effects of Tax Cuts and Jobs Act:
The National Science Foundation (NSF) and Boeing announced a new $21 million partnership to accelerate training in critical skill areas like science, technology, engineering, and math.
Supported by $10 million in funding from Boeing, NSF will partner with world-class learning institutions to develop online training in critical skill areas for students and Boeing employees. These skill areas include model-based engineering and systems engineering, mechatronics, robotics, data science and sensor analytics, program management and artificial intelligence. The first project is expected to launch in 2019.
To complement Boeing’s investment, NSF’s Directorate for Education and Human Resources will invest $10 million in awards focused on reskilling and increasing the skill level of the U.S. STEM workforce.
Additionally, Boeing will donate $1 million to the NSF INCLUDES initiative, which focuses on women in STEM fields and also works with veterans returning to the workforce.
Boeing’s investment is part of the company’s pledge last year to invest $300 million in employees, infrastructure and local communities as a result of the tax cuts.
In December 2017, Chairman, President and Chief Executive Officer of Boeing Dennis Muilenburg announced immediate commitments for an additional $300 million in investments that will move forward as a result of the new tax law:
- $100 million for corporate giving, with funds used to support demand for
employee gift-match programs and for investments in Boeing’s focus areas for charitable giving: in education, in our communities, and for veterans and military personnel.
- $100 million for workforce development in the form of training, education, and other capabilities development to meet the scale needed for rapidly evolving technologies and expanding markets.
- $100 million for workplace of the future facilities and infrastructure
enhancements for Boeing employees.
View the full list of tax reform good news here.