Wal-Mart Foundation Gives $5.7 Million to Green Jobs Effort
Bentonville, Ark. The Wal-Mart Foundation announced Tuesday that it will award to the U.S. Conference of Mayors and Veterans Green Jobs grants totaling $5.7 million to support the creation of green jobs in the United States.
The news comes on the heels of a newly released Global Insight study revealing that 10% of job growth in the United States is likely to be green by 2038, the fastest-growing sector in the country.
The Wal-Mart Foundation’s $5 million grant to the U.S. Conference of Mayors will work to create jobs in an array of emerging green industries. In the spring of 2009, through a competitive selection process led by the U.S. Conference of Mayors, six grants will be awarded to nonprofit organizations that have a history of working with mayors to train people for green jobs.
In early 2010, three additional grants will be given to cities with newer commitments to providing green work-force training.
Additionally, the Wal-Mart Foundation is awarding nearly $750,000 to Veterans Green Jobs to support the development of four training sites, which will help veterans develop green job training skills. The training sites — which will be built in Washington, Colorado, New Mexico and Louisiana — will assist many of the nearly 2 million returned or returning military personnel facing the challenging task of reintegrating into civilian life.
Target applauded for inclusiveness efforts
The Human Rights Campaign is out with its 2009 list of top businesses that support equality for lesbian, gay, bisexual and transgender employees, and Target is among a group of 260 companies that received a top rating.
Other retailers recognized by the group included Abercrombie & Fitch, Barnes & Noble, Best Buy, Borders, Carmax, GameStop, Gap, JCPenney, Macy’s, Nordstrom, REI and Sears Holdings.
The Human Rights Campaign was founded in 1980 to promote fairness for lesbian, gay, bisexual and transgender Americans. The organization claims to have 750,000 members and annually publishes a Corporate Equality Index that rates corporate America’s treatment of lesbian, gay, bisexual and transgender employees.
Stock gains are short lived
Last week’s cost-cutting move to eliminate jobs at Target headquarters and close a distribution center gave the company’s share price a quick boost, but the upward movement didn’t last long.
Target announced the elimination of more than 1,000 jobs after the market closed on Jan. 27, and its share price stood at $33.34. The next morning, Target shares opened sharply higher at $34.42 and closed that day at $34.92. However, by the end of the week, the market took back the gain, and shares closed Friday at $31.20. The downward trend continued on Monday, as shares opened at $30.25, their lowest level of the year, before ending the day at $30.20.