Leading Practices

  • In 2020, New Jersey launched a $10,000,000 Pay it Forward fund that mixes philanthropy and state funds for programs in health care and information technology through Career Impact Bonds that bring together wraparound support services and student-friendly financing to help individuals upskill with high-quality training providers and achieve economic mobility.

  • In 2018, the San Diego Workforce Partnership partnered with the University of California San Diego Extended Studies to offer 9- to 15-month certificate programs in high-demand high-growth occupations in the technology sector through a $3,500,000 renewable learning fund for workers and jobseekers ineligible for Workforce Innovation and Opportunity Act programs. The fund has served 250 workers to date.

  • The $50,000,000 UP Fund is a pool of catalytic capital investing in 8 to 12 Career Impact Bonds to help low-income students secure good jobs in a changing economy.

  • Supported by inaugural training providers Merit America and Year Up, learners upskill and earn Google Career Certificates—industry-recognized credentials that equip people with the skills needed to enter in-demand fields such as data analytics, information technology support, project management and user experience design. The program focuses on helping people from underserved communities access well-paying high-growth jobs.

  • A competitive Ohio-based training center leverages income share agreements as a mechanism to help participants pay for diesel mechanic training in the transportation industry. This program is part of Social Finance’s American Diesel Training Center’s Career Impact Bond.

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