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Rowan College at Gloucester County

RCGC Awarded $1.2 Million State Grant for Financial Services Talent Development Center

College Relations, Communications, and Marketing
Date: 11/3/2017
IMG_5227_cmyk.jpg ​​​On Oct. 30, the New Jersey Department of L​abor & Workforce Development announced an $8.4 million investment to create four new talent development centers. Rowan College at Gloucester County (RCGC) was selected to house the Financial Services Talent Development Center. Pictured left to right are: RCGC President Frederick Keating, RCGC Workforce and Professional Development Institute Dean Brigette Satchell and New Jersey Labor Commissioner Aaron Fichtner, Ph.D. ​

​A $1.2 million grant awarded to Rowan College at Gloucester County (RCGC) by the New Jersey Department of Labor & Workforce Development will serve to expand the state's talent development c​​enters to include a Financial Services Talent Development Center. 

RCGC's new Financial Services Talent Development Center will provide innovative career pathways and apprenticeships in accounting, banking, insurance and financial technology. The state's $8.4 million investment to create four additional talent development centers on New Jersey's college and university campuses was announced Oct. 30, and will join the three existing centers. Each of the talent development centers is aligned with the needs of the state's seven key industries.

Through this state initiative, RCGC will establish academic curriculum and career pathways focused on training unemployed and incumbent workers for financial occupations and professional growth by providing basic-skills training, career awareness events and internship/apprenticeship opportunities dedicated to bridging the gap between education and employment. The College will develop high-quality, employer-driven ​partnerships comprised of businesses, vocational/high schools, colleges, universities and workforce development boards. More than 15 business associates, 10 county workforce development boards and seven educational partners will work together to educate and train unemployed and underemployed individuals, assisting them in earning industry-valued credentials that lead to job opportunities and career advancement.

"RCGC has always been committed to educating and strengthening New Jersey's workforce and expanding economic opportunity. It is a great honor to have been selected by the Department of Labor & Workforce Development to oversee the state's new Financial Services Talent Development Center," stated College President Frederick Keating. "During the last few years, RCGC has established a strong presence within South Jersey's financial sector, working with businesses and four-year universities to develop training and apprenticeship programs. This is an opportunity to expand our success and help meet the needs of New Jersey's workers and employers."

Launched by the Labor & Workforce Development in​ 2016, the talent development centers serve as "centers for excellence," aligning the workforce with the needs of employers. Funding for these centers is provided by the Workforce Development Partnership program and the supplemental Workforce Fund for Basic Skills. Each of the $1.2 million contracts run for one year with an option to renew.

RCGC's Financial Services Talent Development Center —like the new Rowan Work & Learn Consortium — supports the state's "65 by 25" campaign, increasing the percentage of those within the state's workforce who have a post-secondary degree by 2025.

For more information about RCGC's Financial Services Talent Development Center, contact Brigette Satchell at 856-681-6226 / bsatchel@rcgc.edu.

Rowan College at Gloucester County is located at 1400 Tanyard Road in Deptford, just off Exit 56 of Route 55.

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