Paramont Applied Technology & Workforce Center - Discussion Sheet

Page 1

Estimated Total Cost of the Project: $8,495,890

Donations & Grants:

$8,089,355

$406,536

Remaining Gap

Project Partners

Paramont Manufacturing

Anonymous Foundation

Tobacco Region Revitalization Commission

Olin & Muriel Prather

WellSpring Foundation

The United Company Foundation

Individual Supporters

Genan Foundation

$406, 536

Neededtofillthegapandcompletethe buildingintimeforFall2024Students

Becauseofthegenerosityoflocalbusinesses, organizations,andindividualsupporters,VHCCisnow completingthefinalphasesofamulti-stage constructionproject.

Building Progress (as of February, 2024)
the
TheNewHomefor
VHCCWorkforceDevelopmentOffice,DieselandWeldingPrograms
& Workforce Center
are soooooo close!
Paramont Applied Technology
We

Your investment in the Paramont Applied Technology & Workforce Center will help expand the manufacturing-related “student pipeline” and shape a stronger economic future for Southwest Virginia by increasing the number of skilled workers living in our area.

Why the Building?

Virginiaemployersneedworkerswithtechnicalskills thatrequiresomepost-highschooltrainingbutnot necessarilyafour-yeardegree.VHCC,inpartnership withmanylocalorganizations,businessesand individuals,hasrespondedtotheneedbybuildinga 20,000+squarefootbuildingthatwillbeahubfor:

WorkforcetraininginWelding,Dieselandother technologies

Customizedbusinessandindustrytraining

Businessandindustrycollaboration,retention, andexpansion

Diesel

Demandishighforqualifieddieselmechanics

75%ofstudentshavejoboffersbeforethey graduatefromtheprogram

VHCCdieselcompletionrate:89%

Welding

"Hands-on"traininginArc,Gas,MIG,TIG,andMetal Fabrication

82%ofstudentshavejoboffersbeforethey graduatefromtheprogram

VHCCweldingcompletionrate:76%

Why Become a Partner?

Helpingkeepthemanufacturing-relatedworkforce strong-manufacturingisatopindustryby employmentinSouthwestVirginia.

“BabyBoomers”leavingtheworkforceposea challengeforemployers-38%ofthe manufacturingworkforceareexpectedtoexit withinthenext10years.

Agrowingindustrywithdecreasingskilled workforce-projectedshortfallofover800workers inlocalmanufacturing(dieselandwelding)over thenext5years.

Bothstudentsandhigher-skilledemployees providefinancialbenefitstothelocaleconomy.

Interested in Giving?

Ifyouorsomeoneyouknowmaybeinterestedin supportingtheproject,pleasecontact:

DeborahMcCroskey dmccroskey@vhcc.edu (276)739-2536

LauraPennington lpennington@vhcc.edu (276)739-2538

VHCCisanEO/AAInstitution.SiNecesitaayudaenespanol,marqueelnumero276-739-2559.
Visitwww.vhcc.edu/atc
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