Home Depot investing $50M to address worker shortage

Home Depot plans to announce today it will donate $50 million to address worker shortages in the construction industry, USA Today reports.

The funding is designed to train 20,000 construction workers over the next decade.

The Home Builders Institute, the industry’s education arm, will use the funding to train veterans and U.S. Army soldiers transitioning to civilian life, as well as high school students and disadvantaged youth.

“It’s important that we support the trades,” Home Depot CEO Craig Menear said. “Not only do we sell product to professionals like plumbers and electricians, but the company also partners with service providers that install kitchen flooring, hot water heaters and other equipment in consumers’ homes.

Read more from USA Today.