Federal Reserve Official Praises Workforce Development at Pennsylvania College

Anna Paulson, president and CEO of the Federal Reserve Bank of Philadelphia, visited Pennsylvania College of Technology in Williamsport to discuss workforce development. The college has a strong track record of placing 98% of its students directly into jobs, with many being 'billable on day one.'

Paulson was impressed by the entrepreneurial nature of the college and its focus on preparing students for the needs of local businesses. She noted that businesses in the area are facing challenges such as finding workers with the right skills and managing cost pressures.

The Federal Reserve Bank of Philadelphia is committed to understanding the economy on the ground, not just through national data. Paulson's team collects research and data that can be useful to businesses and communities, and she emphasized the importance of partnership and ingenuity in workforce development.