Our work at the intersection of education and economic mobility gives us a unique perspective on the roles of education and workforce development when addressing challenges brought on by the pandemic. These challenges — accelerated technological change, deepened inequity, and systemic injustices — have renewed urgency as the world strives to move forward.
In the spirit of collaboration and our commitment to positive change, we were honored to join Social Finance and the Federal Reserve Banks of Atlanta and Philadelphia to contribute to “Workforce Realigned: How New Partnerships are Advancing Economic Mobility.” This new book, recently released in this summer of 2021, draws on the insights of federal and state policy leaders, researchers, and workforce development experts to highlight not just the aforementioned issues themselves but the ways that organizations are collaborating to create new solutions in this ever-shifting world.
Our chapter, “Access to Opportunity: The General Assembly Career Impact Bond,” offers a deep dive into a first-of-its-kind program we launched with Social Finance. To put it simply and clearly, the GA Career Impact Bond is rooted in our shared belief that individuals with fewer resources can, with the appropriate support, succeed at the same level as those with more. In addition to an income-share agreement (ISA) program in which students pay zero up-front tuition, our initiative also provides access to full-time social service professionals who directly support student needs and an emergency fund that offers ready financial assistance for students to cover unexpected costs.
The chapter also features insights and lessons learned from our work with the Career Impact Bond, including these testimonials from Career Impact Bond participants:
“I spent decades in prison and was able to learn about coding as a member of the Last Mile Program. After my release, I didn’t have a job or credit and was starting over, but wanted to continue what I learned with The Last Mile. This ISA helped me enroll in General Assembly’s immersive software engineering program and continue my journey.”
“I didn’t have a lot of money or options and was making $20K a year. I have a son and needed to find something that would improve our lives. This ISA has put me on track for a new career, a new salary, with new skills. The emergency fund helped me during the pandemic to pay my bills when I could no longer work.”
We hope our contribution — and the book as a whole — provide leaders across business and government with concrete examples of the ways that collaboration between the public, private, and nonprofit sectors is creating new pathways to economic mobility. Curious to dive in and explore all the details? You can get your own copy of “Workforce Realigned: How New Partnerships are Advancing Economic Mobility” by downloading it here.
We look forward to hearing your thoughts once you’ve had a chance to read it and to continuing the conversation about how we can best help and support workers from all underserved backgrounds in navigating the rapidly changing world of work.
Want to chat more about anything you’ve read here? Reach out to us via firstname.lastname@example.org.