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The subsidiary will be called “WP Ventures,” and run components Engage Staffing and the blueGreen Research Institute.
Engage works at connecting the full range of employers with potential hires, ranging from temporary to direct-hire. The institute works on making grant writing, program development and research services available across the country to any business in need of it.
“Creating WP Ventures as a subsidiary is a significant development in support of our mission,” said Joseph Carbone, president and CEO of The WorkPlace in a statement. “Revenue generated from these operations could fund future workforce development projects and services. Additionally this will unleash aggressive efforts to integrate staffing into our business, expand our partner base and significantly increase the value of our brand.”
Dividends from WP Ventures will go to filling in the monetary gaps that are in public programs, as is done with the other private partners utilized by The WorkPlace. The new entity will have its own board, and will pay taxes.
It's anticipated that the new entity will open up the pool of opportunities for job seekers.
For more information on the services provided by The Workplace and WP Ventures, go online to www.workplace.org.
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