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CHARLOTTE—In order to innovate, Electrolux said it needs the right people.

"High tech companies like ours need more graduates in science, technology, engineering and mathematics," said CEO of Electrolux Major Appliances North America Jack Truong.

That is why Electrolux will invest 100,000 over the next four years for technology scholarships at Johnson C. Smith University.

"It's also our responsibility to help develop the local talent here," said Truong.

Students say they are ready to apply. They say the scholarships, and the community support, will empower their peers.

"I believe that it will open a lot of doors for them because they see that they have backup," said senior at West Charlotte High School Taylor Edwards.

Students hear about the virtues of STEM classes all the time.

"They always tell you that you're problem solvers. And business companies will always need problem solvers,” said West Charlotte senior Marthony Hobgood.

And sometimes businesses can't find the problem solvers they need.

"It's sometimes very difficult for us to find the right talent,” Truong said.

Charlotte Mayor Anthony Foxx said the scholarships are an important investment for the city.

"We can get some things wrong and still have a great future, but we can't get education wrong,” said Foxx.

Getting education right, the mayor says, means training and keeping smart people in Charlotte. Electrolux needs people now to fill about 80 vacancies. The company hopes the scholarships will lead to employees who can develop products that could make their way into people's home in the next decade.