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Impact Investments, Workforce & 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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Matter of Fact TV: Filling the Skills Gap: A New Way of Training Workers to Match the Jobs
Diesel technician Cam, Social Finance CEO Tracy Palandjian, and American Diesel Training Centers CEO Tim Spurlock discuss how the Career Impact Bond is preparing Americans for in-demand careers.