Defying prevailing political winds, Congress has passed, and President Obama just signed into law, the Workforce Innovation and Opportunity Act (WIOA) -- the first update to federal workforce programs in nearly 15 years. This unique moment of bipartisan, bicameral unity is notable not solely for its rarity within the current climate of legislative inertia, but because WIOA will provide critical support to millions of Americans struggling to gain the job skills they need in this tough economy.
"Enabling local authorities to tie funding to results for a portion of their formula funds and supporting state efforts to assist them is important for several reasons. First, it means that at least some scarce federal dollars will be paid out only when results are achieved, ensuring that these funds go to programs that work and not to those that do not. Second, by opening eligibility to new programs not currently supported by workforce legislation, the WIOA embraces innovation by expanding support to new providers with strong track records that would otherwise be shut out of the federal system."
On behalf of America Forward, I authored an op-ed on Pay for Success (or Social Impact Bonds) which was published on TheHill.com today. Please click through to the link to read the entire piece:
Deborah Smolover is Executive Director of America Forward, a nonpartisan policy initiative of New Profit Inc.
If you work in an organization meeting the needs of at risk communities, chances are you’ve encountered issues of childhood hunger without even knowing it.
Tags: Michelle Obama, Penn Hill Group, Social Innovation News, America Forward Coalition, City Year, Food Corps, Alex Nock, Debra Eschmeyer, Jeff Jablow, childhood hunger, Josh Wachs, No Kid Hungry Campaign