Bill B, ADTC Career Impact Bond Student

Insights

Social Finance in The New York Times: Job Training That’s Free Until You’re Hired Is a Blueprint for Biden

Steve Lohr

Impact Investments, Economic Mobility, Career Impact Bonds

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 now seeing average salary increases of more than $12,000.

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There is emerging evidence that these kinds of programs are a very effective and exciting part of workforce development. Social Finance is targeting and nurturing new programs, and it brings a financing mechanism that allows them to expand.Lawrence Katz, Labor Economist at Harvard

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