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Case Studies: New Approaches to Financing Education and Training
From the Social Finance Institute
Impact Investments, Workforce & Economic Mobility, Career Impact Bonds, Pay It Forward Funds
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Downloads
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DownloadAmerican Diesel Training Centers Career Impact Bond
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DownloadGoogle Career Certificates Fund
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DownloadNew Jersey Pay it Forward Program
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Since the development of the Career Impact Bond, Social Finance has worked with partners across sectors to expand access to quality job training and economic mobility.
The case studies here explore some of these unique partnerships, highlighting the distinct program design, implementation, and management considerations that shaped each effort.
These cases include:
- The American Diesel Training Centers Career Impact Bond, a training program supported by the UP Fund, that credits its high job placement rate to strong ties with top employers.
- The Google Career Certificates Fund, which helps learners earn Google Career Certificates with training providers like Merit America and Year Up, and aims to help 20,000 learners realize $1 billion in wage gains.
- And the New Jersey Pay It Forward Program, launched with New Jersey and the New Jersey CEO Council, which prepares residents for jobs within industries such as clean energy, healthcare, and IT.
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Social Finance in The New York Times: Job Training That’s Free Until You’re Hired Is a Blueprint for Biden
This feature in the New York Times covers Social Finance’s Career Impact Bond with American Diesel Training Centers. The article highlights two program graduates, Bill and Jordan, who completed the program, found jobs, and are…
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Social Finance in The New York Times: Google Creates $100 Million Fund for Skills Training Program
Social Finance is managing the $100 million Google Career Certificates Fund, a Google-backed initiative targeting how to find, train, and create paths to good jobs in the modern economy for the nearly two-thirds of American…
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New Jersey Pay It Forward Program Launch Event
Hudson County Community College hosted a launch event for the New Jersey Pay It Forward Program, a joint initiative of Governor Phil Murphy, the State of New Jersey, New Jersey CEO Council, and Social Finance.