2021 ACT Summit participants holding certificates

New Diesel Technicians Increase Salaries by an Average of $16,800

Impact Investments, Economic Mobility, Education

IMPACT

On average, American Diesel Career Impact Bond graduates are increasing their income by $16,800

90%

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 October 2022, over 90% of the program’s graduates were employed. After the five-week program, graduates’ incomes increase by a median of $16,800 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.

Tim Spurlock

CEO and Founder of ADTC

Tim Spurlock headshot

Photo courtesy of ADTC.

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