Advancing CRA Compliance and Place-Based Impact Investing
Apprentice Power is a coalition of apprenticeship grantees formed to support community and economic development. We collaborate with banks to broaden the socioeconomic scope and impact of their CRA compliance programs while offsetting related costs and increasing loans and deposits. The process provides financial education, apprenticeship job opportunities and skills development subsidies to low-and-moderate-income individuals and communities through their banking relationships.
Apprentice Power supports "Banking on Apprenticeship" a global brand initiative designed to help achieve CRA compliance requirements in the United States while helping to create a framework for impact investing and foreign direct investment between the United States and Switzerland. The initiative supports the creation of a more holistic continuum of early college high schools, industry-recognized apprenticeship programs, sector-based workforce strategies and the new collar jobs initiative.