For Bill, Short-Term Training Was the Key to Economic Mobility
American Diesel Training Centers Career Impact Bond graduate
Percent of employed graduates
In 2020, Social Finance began partnering with American Diesel Training Centers (ADTC), a diesel technician training program that prepares learners for careers in the growing transportation industry, on a Career Impact Bond. The investment enables previously unemployed or underemployed learners to enroll in ADTC’s hands-on, five-week training program at no upfront cost, along with supportive services to help them succeed during training.
Career Impact Bond learners began graduating from ADTC in late 2020. As of March 2023, 94% of the program’s graduates were employed. After the five-week program, graduates are increasing their income by a median of $16,600 over their median pre-program wages of $25,000.
This is the answer. Find motivated people. Give them solid, specific, fundamental mechanical training. Set them up for success—and the sky's the limit.
CEO and Founder of ADTC
Photo courtesy of ADTC.