IEC Chesapeake participates in Federal Reserve Policy discussion of Labor Markets

December 20, 2012 (Laurel, MD) – Grant Shmelzer, Executive Director of IEC Chesapeake, will be participating in the policy discussion on Labor Markets and Human Capital in Low- and Moderate-Income Communities by invitation from The Board of Governors of the Federal Reserve System’s Community Development. The Federal Reserve’s Community Development function promotes economic growth and financial stability for low- and moderate-income (LMI) communities and individuals by convening stakeholders, conducting and sharing research, and identifying emerging issues, amongst other activities. As households and communities grapple with limited resources as well as challenges in the labor markets, Community Development is focusing on reducing the amount of unproductive human capital by addressing challenges in today’s labor markets and barriers to employment. The goals of the meeting are to identify labor market characteristics that are specific to LMI communities, to highlight emerging issues in labor markets in LMI communities, and to discuss opportunities for improving labor markets and human capital in LMI communities.

As the Executive Director of IEC Chesapeake since 1995, Mr. Shmelzer has been invited to participate in numerous forums. He has also led many workforce training programs with Maryland Department of Corrections and Anne Arundel Department of Social Services. Currently, Mr. Shmelzer serves as a member of the Anne Arundel County Workforce Investment Board, the Maryland Apprenticeship and Training Council, and the National Skills Coalition Leadership Team.

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Federal Reserve Press Release PDF Version

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