BBJ: Catalyte launches platform to help millions of out-of-work Americans train for jobs

By Morgan Eichensehr
May 7, 2020

Baltimore’s Catalyte is launching a platform to help connect millions of out-of-work Americans with training opportunities for the kinds of jobs that will outlast coronavirus.

Catalyte launched RetrainAmerica, a national exchange on May 7 that will connect American workers with retraining opportunities. CEO Jacob Hsu said government agencies, private companies and apprenticeship organizations will be able to offer training programs through the platform, aimed at preparing folks for “jobs of the future,” like those in the technology, cybersecurity, logistics and health care sectors.

Catalyte also saw a broader opportunity to expand its proven model to help U.S. workers train for new jobs in more recession-proof industries.

There are plenty of industries in which companies have survived and expanded during Covid-19, Hsu noted, and they will be looking to hire lots of new, skilled workers. He hopes RetrainAmerica will encourage employers who need to bolster their workforces to make retraining and reskilling the unemployed masses a “national priority.” Employers who join the platform must pledge to consider retrained workers for hire, regardless of their backgrounds or resumes, Hsu said.

The exchange is live in Maryland to start. Hsu said Catalyte is already plotting expansions into additional states and cities soon.

Local organizations that have already signed on to provide retraining opportunities include: Mindgrub, the City of Baltimore, CareFirst BlueCross BlueShield, Exelon Corp., Brown Advisory, Protenus, Baltimore Corps, Fearless, Traitify and GRIMM Co.

To read the full story, visit Baltimore Business Journal’s website.
To learn more about Catalyte, visit its website. To learn about RetrainAmerica, visit its website.

Source: Baltimore Business Journal