The White House has announced a new program that offers discounts on white-collar and corporate-friendly retirement products, and it will make it easier for companies to hire people of color.
The White House said Friday that the President has signed into law a package of bills aimed at helping companies make the most of their white-male labor force.
The initiatives include the White House’s White Working Capital Initiative, which provides grants to help companies hire people from underrepresented groups such as women, people of colour, veterans, disabled people and those who have lost a family member to violence, according to a White House press release.
“The White Working capital initiative will provide grants to companies to provide workers of color with better access to retirement and other benefits, including financial aid, apprenticeships, job training and health care,” the press release said.
“This initiative is part of the President’s broader effort to address the needs of our country’s workers and provide a more inclusive, prosperous future for our nation.”
The White working capital initiative, as the press released said, was created in 2018 to provide grants for companies that provide their employees with opportunities to work for companies of all sizes.
The program is targeted at companies with under 500 employees, which would include companies with 50 employees or less.
“The initiative is aimed at firms that have under 500 workers or less that would like to make hiring and retaining their white workers easier and more cost-effective,” the White house said.
The White house is also helping small companies, which the press said “can often be the most difficult to hire because of their size, location, and economic disadvantage.”
The Obama administration has also created a new National Commission on Workforce Equity.
The commission will study how to improve the work-life balance for white men in the U.S. and around the world.
The new commission will work with a panel of experts from the U and U.K. to examine how to create a more diverse workforce.
The President said he will work to make the White working cap easier for white males in the future.
He will also announce an expanded apprenticeship program for men.
The White house says the apprenticeship programs will provide opportunities for people of all backgrounds to learn and grow, and help employers meet the needs for their workers.
The press release did not specify which companies the administration is working with.