Commitment to Action

Cultivating Union Manufacturing Jobs in the Rust Belt

Commitment by

Renewable Manufacturing Gateway

In 2013, RMG Capital ('RMGC') committed to launch a $500 million fund to invest in approximately 50 manufacturing companies in the Mid-Atlantic Region. The fund will target the areas of clean tech, renewable energy, and energy-efficient manufacturing with at least 25% of the investments going to green or clean-tech companies, and aims to create over 5,500 union manufacturing and skilled trade jobs by 2017. To do this, RMGC has teamed up with labor unions not only to create union jobs, but also to support the 'Making it in America' job training program, providing grant assistance for existing training facilities. RMGC will reserve annual assistance to contribute to the operations of the program and integrate market perspectives to guide training into areas with higher anticipated job availability, ultimately strengthening the manufacturing employee base in the Region and affecting the lives of hundreds of workers each year.

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Overview
Summary

Commitment

Cultivating Union Manufacturing Jobs in the Rust Belt

Launched

2013

Est. Duration

4 Years

Estimated Total Value

$500,000,000

Region

Northern America

Countries

United States

Commitment by

Renewable Manufacturing Gateway

Partner(s) of the Commitment Maker(s)

Ares Management, AFL-CIO