Workforce Competitiveness Trust Fund
The Workforce Competitiveness Trust Fund is a workforce development initiative that supports programs in critical industry sectors in Massachusetts. This state-funded initiative is administered by Commonwealth Corporation on behalf of the Executive Office of Labor and Workforce Development.
The WCTF was a key component of the Workforce Solutions Act/Economic Stimulus Bill of 2006 and was established with two objectives:
- To improve the competitive stature of Massachusetts businesses by improving the skills of current and future workers, and
- To improve access to well-paying jobs and long-term career success for all residents of Massachusetts, especially those who experience structural, social, and educational barriers to employment success.
The WCTF is guided by an advisory committee representing community-based organizations, education and workforce development agencies, labor, industries and employers. The advisory committee is chaired by Suzanne M. Bump, Secretary of Labor and Workforce Development.
