KeyBank invests $450,000 in the Trade Institute of Pittsburgh to help individuals find jobs in the trade sector

KeyBank has announced a $450,000 investment in the Trade Institute of Pittsburgh (TIP) to strengthen its Advanced Masonry Pre-Apprenticeship Program (AMP), which is designed to help individuals with employment barriers and other marginalized groups find a career that offers a living wage or another opportunity that will advance them in life.

AMP is a hybrid training model for skills development in the skilled trades industry. The main goal of the program is to identify promising talent in TIP’s masonry program and provide them with specialized training alongside experienced professionals. This strategic approach accelerates the transition from education to employment.

“The Advanced Masonry Pre-Apprenticeship Program provides an opportunity to fill in-demand positions in the greater Pittsburgh area while building a diverse workforce that reflects the communities it serves,” said Vic Laurenza, KeyBank Western Pennsylvania Market President. “KeyBank is so proud to support this program and the Trade Institute of Pittsburgh in their mission to remove barriers to resources and training for our community members. We believe that everyone – no matter their situation – deserves a chance at a successful future and a quality education is just one of the many building blocks to that success.”

“Our hybrid apprenticeship program provides our students with a supportive learning environment while encouraging employers to invest in a new generation of skilled professionals,” said Donta Green, TIP’s executive director. “Employers can use TIP to build a talent pool and build relationships with promising students who can develop into valuable employees.”

All AMP participants receive comprehensive support services including: case management, trauma-informed counseling, financial literacy, career guidance skills, and other support tailored specifically to their individual service plan. Upon completion, pre-apprentices receive 350 credit hours toward their four-year apprenticeship program and a starting wage of $28/hour plus benefits.

Located in Pittsburgh’s Homewood community, TIP has trained over 700 men and women since 2013. Graduates have found self-sustaining wage jobs, meeting the growing need for skilled tradespeople in bricklaying, masonry and carpentry.

Since 2017, Key has invested over $525 million in community investment in Western Pennsylvania, supporting low- and moderate-income individuals and neighborhoods through affordable housing loans, small business loans, mortgages and transformative philanthropy.

ABOUT KEYCORP

KeyCorp’s roots go back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the largest bank-based financial services companies in the country, with assets of approximately $187 billion as of June 30, 2024.

Key provides deposit, lending, cash management and investment services to individuals and businesses in 15 states through a network of approximately 1,000 branches and approximately 1,200 ATMs under the KeyBank National Association name. Key also offers a broad range of sophisticated corporate and investment banking products, such as mergers and acquisitions advisory, public and private debt and equity, syndications and derivatives to middle market companies in select industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is a member of the FDIC.

ABOUT THE TRADE INSTITUTE OF PITTSBURGH

The Trade Institute of Pittsburgh (TIP) is a nonprofit organization that provides tuition-free job training opportunities for individuals with barriers to employment and those who need additional support to enter the workforce. Students learn basic masonry and carpentry skills and leave TIP with well-paying jobs. TIP is located in the Homewood community of Pittsburgh, Pennsylvania. Founded in 2013, the Trade Institute has engaged and empowered over 800 men and women throughout Allegheny County to meet the growing need for skilled tradespeople.

KeyBank

KeyBank

KeyCorp’s roots stretch back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies with approximately $176.2 billion in assets as of March 31, 2021. Key, under the KeyBank National Association name, provides deposit, lending, cash management and investment services to individuals and businesses in 15 states through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also offers a broad range of sophisticated corporate and investment banking products, such as mergers and acquisitions advisory, public and private debt and equity, syndications and derivatives to middle-market companies in select industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is a member of the FDIC.

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