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Industry Landscape
The workforce development industry is undergoing significant transformation, driven by technological advancements, evolving job markets, and a heightened focus on diversity, equity, and inclusion (DEI). There's a growing demand for reskilling and upskilling programs to meet the needs of a dynamic economy. Organizations are increasingly looking to bridge skills gaps and create more equitable access to high-growth careers, particularly for underserved populations. Partnerships between non-profits, government, and corporations are crucial for effective program delivery and systemic change.
Total Assets Under Management (AUM)
Total Workforce Development Spending in United States
~$100 billion USD (estimated)
(5-7% CAGR)
- Government funding for workforce programs.
- Corporate investment in employee training and DEI initiatives.
- Philanthropic contributions to non-profit organizations.
Total Addressable Market
100 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Skill Matching & Personalization
AI and machine learning can analyze individual skills, experiences, and career goals, then match them with suitable high-growth opportunities and personalized training pathways, significantly improving placement efficiency in the US workforce development sector.
Blockchain for Credentialing & Verification
Blockchain technology can create immutable, verifiable digital credentials for skills and training, enhancing trust and efficiency in the hiring process and reducing barriers for job seekers, especially in the US labor market.
Virtual Reality (VR) / Augmented Reality (AR) for Experiential Learning
VR/AR can simulate real-world work environments for immersive training, enabling hands-on skill development for roles in high-growth sectors, particularly beneficial for underserved populations in the US.
Impactful Policy Frameworks
Bipartisan Infrastructure Law (BIL) (2021)
The Bipartisan Infrastructure Law (BIL), enacted in November 2021, dedicates significant funding (over $1.2 trillion) to rebuild American infrastructure, creating millions of jobs and impacting workforce development needs across various sectors.
This policy creates a massive demand for skilled labor in new and existing infrastructure projects, directly benefiting LeadersUp by opening up numerous high-growth career opportunities for their talent pool.
Workforce Innovation and Opportunity Act (WIOA) Reauthorization (Ongoing, last full reauthorization 2014)
While not a new policy, discussions around the reauthorization and potential amendments to the Workforce Innovation and Opportunity Act (WIOA) are ongoing. WIOA (2014) is the primary federal legislation governing public workforce development programs, emphasizing alignment with economic development and serving target populations.
Potential WIOA reauthorization could redefine funding priorities, strengthen partnerships, and emphasize equitable access to training, directly influencing LeadersUp's program design and funding opportunities.
Federal Ban on Non-Compete Clauses (Proposed Rule by FTC, 2023)
The Federal Trade Commission (FTC) proposed a new rule in January 2023 that would ban employers from imposing non-compete clauses on workers, aiming to promote competition and increase worker mobility.
This proposed policy would enhance worker mobility and career progression for LeadersUp's beneficiaries by removing barriers to changing jobs and fostering competition for skilled talent among employers.
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