US DOL announces $3.8 million grant to assist workers in Massachusetts affected by financial industry layoffs

On Dec 17, the U.S. Department of Labor announced a $3,874,594 grant to assist about 725 workers affected by layoffs, began in November 2008, at seven companies in Massachusetts' financial industry.

The grant will be funded by resources made available for National Emergency Grants under the American Recovery and Reinvestment Act of 2009, and will provide affected workers with access to dislocated worker services, which may include skills assessment, basic skills training, individual career counseling and occupational skills training.

Of the $3,874,594 announced, $1,294,864 will be released initially, and additional funding up to the amount approved will be made available as the commonwealth demonstrates a continued need for assistance. The grant was awarded to the Massachusetts Department of Workforce Development, and will be operated by the Metro South/West Employment and Training Administration.

"Today's grant will provide the job search and employment services necessary for affected workers in Massachusetts to find new jobs in emerging industries," said Secretary of Labor Hilda L. Solis.