Despite the high demand for commercial construction in recent years, contractors are coming up short on skilled labor due to an ongoing shortage. The low cost of capital and re-emergence of the commercial mortgage-backed securities (CMBS) market have made lending easier and enabled liquidity, which has fueled the demand for sustainable developments.
The lack of vocational training in high schools has led to a skills gap and a smaller number of younger students pursuing careers in construction. Project costs and availability of labor are the two most prominent concerns for builders according to members of the National Association of Home Builders. In anticipating an industry need, Oleta Partners announced its partnership with CBT College to offer free construction training to North Miami Senior High School seniors. Oleta Partners is currently developing the largest project in North Miami’s history, SoL Mia, a premier, master-planned community set on 183 acres of the last undeveloped land in South Florida east of Biscayne Boulevard.
The program, which will be managed by SoL Mia’s Local Preference Office, officially kicked off on March 5th at an orientation with 20 participating students and their parents, CBT College faculty and staff members, Oleta Partners representatives and City officials. According to the Bureau of Labor Statistics, the U.S, added 210,000 new construction jobs in 2017. This program allows Oleta to support the local community and keep up with industry growth by providing a steady supply of labor and fostering the next generation of qualified construction workers.
“The creation of workforce development programs allows us to positively impact this community long term,” said LeFrak’s Managing Director of Development & Acquisition, Michael Tillman. “This tailored program will equip students with the right skill sets to prepare them for a future career in construction.” "As an additional resource for students, Oleta Partners will also provide free transportation to and from CBT College."
The training will span seven months, beginning in March, during which time students will complete courses in Building Construction Technology and be introduced to different trades such as carpentry, masonry and plumbing. At least 50 percent of the learning will be hand-ons training geared towards providing real-world experience, taught by experienced faculty in the school’s laboratories. Throughout its five locations in Miami-Dade County, CBT College provides access to career training with a focus on technology and sciences. “We’re thrilled to be working with SoL Mia and supporting these students by giving them a leg up in the early stages of their careers,” said Luis Llerena, CBT College’s Miami Gardens Campus Director.
To reconcile the lack of vocational training and an unskilled workforce in the South Florida market, the private sector has taken the initiative upon itself to tackle this public issue. In order to address the gap on a macroeconomic scale, there would need to be a more balanced technical school curriculum, broader career guidance in schools, and a greater availability of training through apprenticeships. Introducing vocational training into the broader school curriculum and creating partnerships for apprenticeships would improve accessibility to training needed for certification, which is usually at least 2,000 hours. Albeit with good intention, parents and guidance counselors are pushing for academic prowess and college education, instead of adapting to rapidly changing technological changes. This leaves students with only two tiers of career options, while neglecting middle-class skilled jobs. College graduate employment rates are at an all time low, so a degree doesn’t guarantee a job anymore either.
After successful completion of the construction training program, students would earn 21 college credits and would receive a diploma in Building Construction Technology. With their training and diploma, students will be better prepared for a potential future career in an industry that has potential for high wages, demand, and self-employment.
Article by Katya Demina
