New Economy Workforce Credential Grant. Annual Report 2023
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| Title: | New Economy Workforce Credential Grant. Annual Report 2023 |
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| Language: | English |
| Authors: | State Council of Higher Education for Virginia (SCHEV) |
| Source: | State Council of Higher Education for Virginia. 2024. |
| Availability: | State Council of Higher Education for Virginia. 101 North 14th Street, James Monroe Building, Richmond, VA 23219. Tel: 804-225-2600; Fax: 804-225-2604; Web site: http://www.schev.edu |
| Peer Reviewed: | N |
| Page Count: | 20 |
| Publication Date: | 2024 |
| Intended Audience: | Policymakers |
| Document Type: | Reports - Research |
| Education Level: | Postsecondary Education Adult Education |
| Descriptors: | State Programs, Grants, Labor Force Development, Training Allowances, State Aid, Postsecondary Education, Demand Occupations, Labor Needs, Alignment (Education), Credentials, Graduation Requirements, Noncredit Courses, Continuing Education, Student Costs, Job Training, Program Costs, Program Implementation, Program Effectiveness, Enrollment Rate, Enrollment Trends, Student Characteristics, Wages, Outcomes of Education, Graduation Rate |
| Geographic Terms: | Virginia |
| Abstract: | During the 2016 session, the General Assembly and Governor established the New Economy Workforce Grant Program (WCG). This grant program, the first of its kind in the nation, provides a pay-for-performance model for funding noncredit workforce training that leads to a credential in a high-demand field. The program also includes requirements for students to complete the program to avoid paying additional costs. A summary of the major components of the program is included in this report. The purpose of this report is to provide to the General Assembly and the Virginia Board for Workforce Development a review of FY 2023 enrollments, completions, costs and outcomes of the New Economy Workforce Credential Grant program. |
| Abstractor: | ERIC |
| Entry Date: | 2025 |
| Accession Number: | ED677456 |
| Database: | ERIC |
| Abstract: | During the 2016 session, the General Assembly and Governor established the New Economy Workforce Grant Program (WCG). This grant program, the first of its kind in the nation, provides a pay-for-performance model for funding noncredit workforce training that leads to a credential in a high-demand field. The program also includes requirements for students to complete the program to avoid paying additional costs. A summary of the major components of the program is included in this report. The purpose of this report is to provide to the General Assembly and the Virginia Board for Workforce Development a review of FY 2023 enrollments, completions, costs and outcomes of the New Economy Workforce Credential Grant program. |
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