Kentucky Community And Technical College System, Kentucky Lt. Gov. Coleman & Xometry Announce 50 Scholarships To Train Skilled Machinists, Technicians, Engineers
September 23 2022 - 10:15AM
Xometry (NASDAQ: XMTR), a global online marketplace connecting
enterprise buyers with suppliers of manufacturing services,
Kentucky Lt. Gov. Jacqueline Coleman and Kentucky Community and
Technical College System President Dr. Paul Czarapata, along with
Dr. Koffi Akakpo, the President of Bluegrass Community and
Technical College, today announced an innovative public-private
partnership in which Xometry will fund 50 scholarships for KCTCS
students.
As part of its broader commitment to supporting small- and
medium manufacturers in Kentucky and throughout the country,
Xometry CEO Randy Altschuler announced the company is dedicating a
portion of its equity to fund scholarships that are designed to
train the next generation of skilled mechanical engineers,
technicians and machinists. Information about applying for the
scholarships can be found here.
In addition to KCTCS, Xometry is funding the scholarships
through its previously announced Donor Advised Fund for nearly 250
students in five other key manufacturing states – Maryland,
Wisconsin, South Carolina and New York, with Connecticut to be
announced shortly. Last year, Xometry, in partnership with Howard
University, pledged eight full tuition scholarships over four
school years to students enrolled in the Department of Mechanical
Engineering at the Howard University College of Engineering and
Architecture.
“We’re very grateful for Xometry’s generous donation to fund
scholarships for 50 of our students,” Dr. Czarapata said. “This
will provide an opportunity for more Kentuckians to earn
credentials that are in high demand in the manufacturing field.
It’s also a win for employers who can’t find enough skilled
workers.”
“Kentucky’s economy is on fire and today’s announcement
underscores the fact,” Lt. Gov. Coleman said. “Xometry is betting
on Team Kentucky, especially our students and next generation of
leaders. We are proud to partner with Xometry and know this
scholarship program will be transformative for 50 KCTCS
students.”
Xometry helps companies create locally resilient supply chains
by providing access to domestic manufacturers, resulting in
efficient development and production cycles so goods get to market
faster. In funding the scholarships, Xometry is working to ensure
that manufacturers can attract and train employees who will power
the industries of tomorrow – aerospace, autonomous and electric
vehicles, green energy, sustainable agriculture and robotics, among
others.
Kentucky is a pivotal state for Xometry. The company
acquired Lexington-based firm MakeTime in 2018 and has since more
than doubled its workforce in the region. A year ago, Xometry
opened a new 10,000 square-foot office in the city’s Cadentown
neighborhood. Xometry CEO Altschuler cites the skill set of
Kentucky’s labor force and its exceptional institutions of higher
education for the company’s commitment to the state.
“As the largest digital marketplace of its kind, we work with
thousands of manufacturers across the country. We uniquely
understand their imminent needs, and a skilled workforce tops the
list,” Altschuler said. “All of us at Xometry come to work every
day committed to investing in the next generation of skilled
workers and to accelerating innovation. We’re deeply committed to
Kentucky, which is our second home, and we appreciate the support
of Lt. Governor Coleman. We’re thrilled to partner with KCTCS to
fund scholarships that will train the next cohort of manufacturing
talent so they have the tools to succeed and help our industry
continue to thrive.”
“I commend Randy Altschuler and the entire team at Xometry for
their commitment to developing the next generation of leaders in
manufacturing right here in Kentucky,” said U.S. Congressman Andy
Barr (KY-06). “The Kentucky Community and Technological College
System is the perfect partner for this initiative. I am looking
forward to meeting recipients of these scholarships and seeing the
impact this will make in our community for years to come.”
Joining Altschuler, Lt. Gov. Coleman, Dr. Paul Czarapata and Dr.
Koffi Akakpo for the announcement were: Kentucky State
Representative Dan Fister (District 56); Chief Development Officer
Kevin R. Atkins from the Office of Lexington Mayor Linda Gorton,
and Lexington City Council Members James Brown (1st District) and
Josh McCurn (2nd District).
About Kentucky Community & Technical College
SystemThe Kentucky Community and Technical College System
(KCTCS) is the Commonwealth’s largest postsecondary institution
with 16 colleges and more than 70 campuses. We also are Kentucky’s
largest provider of workforce training, dual credit classes and
online education. Through partnerships with business and industry,
we align our programs to meet the needs of local employers. Our
colleges are united in their commitment to making life better for
our students, communities and the citizens of Kentucky. To date,
KCTCS has served more than one million Kentuckians.
About XometryXometry (NASDAQ: XMTR) powers the
industries of today and tomorrow by connecting the people with big
ideas to the manufacturers who can bring them to life. Xometry’s
digital marketplace gives manufacturers the critical resources they
need to grow their business while also making it easy for buyers at
Fortune 1000 companies to tap into global manufacturing capacity
and create locally resilient supply chains. Learn more at
www.xometry.com or follow @xometry.
Press Contacts:Matthew
HutchisonXometryMatthew.Hutchison@Xometry.com
Terri GiltnerKentucky Community & Technical College
Systemterri.giltner@kctcs.edu
JT Henderson for Lt. Governor Jacqueline
ColemanJT.Henderson@ky.gov
Xometry (NASDAQ:XMTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Xometry (NASDAQ:XMTR)
Historical Stock Chart
From Apr 2023 to Apr 2024