CRA Compliance through Innovation and Entrepreneurship

Apprentice Power collaborates with banks and their employer, industry association and other clients on the development of work-based learning models designed to help achieve CRA compliance. The process empowers low-and-moderate-income individuals and communities to grow and prosper.


 Apprentice Power also works with education, industry and government leaders to modernize and broaden CRA compliance strategies. Based on employer determinations and requirements, the process may include the development of cross-industry apprenticeships and other work-based learning models. 


Apprentice Power also enables employers to track the performance of apprenticeship candidates, so they can make fully informed decisions about the value of apprenticeships and other work-based learning models.


 Apprentice Power also advances the brand, marketing, sales and corporate citizenship objectives of banks and their employer clients, service providers and strategic business partners. 

 



Apprentice Power supports CRA compliance by making apprenticeship grants available to employers through their banking relationships. 


The grants can also serve as catalytic capital for place-based impact investing and foreign direct investment through the integration of business and social entrepreneurship.


Apprentice Power strategies promote financial literacy and education, create job opportunities for low-and-moderate-income individuals, catalyze sector-based workforce initiatives and help to finance 3D printed affordable homes and advance community and economic development. 


Apprentice Power collaborates with diverse stakeholders in order to leverage public and private sector support for the establishment of innovative and productive human capital supply chains for advanced and emerging industries.


Apprentice Power breaks down the silos that challenge socioeconomic progress by uniting stakeholders who have common socioeconomic goals and objectives yet may not ordinarily communicate. The process can help to increase and diversify the human capital endowment of the United States. 


"A nation’s human capital endowment embodies the knowledge and skills residing in individuals, which empowers them to create economic value. 


Human capital must be invested in and leveraged efficiently in order for it to generate returns for the individuals involved and for the economy as a whole. 


Human capital is a key driver of a successful economy, as routine tasks are automated and the premium paid to creativity rises accordingly". 


(World Economic Forum)