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New Economy Workforce Credential Grant. Annual Report 2024

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Bibliographic Details
Title: New Economy Workforce Credential Grant. Annual Report 2024
Language: English
Authors: State Council of Higher Education for Virginia (SCHEV)
Source: State Council of Higher Education for Virginia. 2025.
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: 22
Publication Date: 2025
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: A product of the 2016 Session of the General Assembly, the New Economy Workforce Credential Grant (WCG) Program represents the nation's first pay-for-performance model for funding noncredit workforce training that leads to a credential in a high-demand field. Using a two-pronged approach, the WCG works to increase program completion and credential attainment by incentivizing both the provision of noncredit programs in certain institutions of higher education (IHEs) and enrollment by Virginia residents. The enabling legislation tasks the State Council of Higher Education for Virginia (SCHEV) with administering and monitoring the WCG, as well as reporting on annual progress to the General Assembly and the Virginia Workforce Development Board (VWDB, or the Board). The following report provides a review of enrollments, completions, costs, and outcomes across the Commonwealth over the past fiscal year, from July 1, 2023, through June 30, 2024.
Abstractor: ERIC
Entry Date: 2025
Accession Number: ED677457
Database: ERIC
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  Data: New Economy Workforce Credential Grant. Annual Report 2024
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  Data: 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
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  Data: <searchLink fieldCode="DE" term="%22State+Programs%22">State Programs</searchLink><br /><searchLink fieldCode="DE" term="%22Grants%22">Grants</searchLink><br /><searchLink fieldCode="DE" term="%22Labor+Force+Development%22">Labor Force Development</searchLink><br /><searchLink fieldCode="DE" term="%22Training+Allowances%22">Training Allowances</searchLink><br /><searchLink fieldCode="DE" term="%22State+Aid%22">State Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Postsecondary+Education%22">Postsecondary Education</searchLink><br /><searchLink fieldCode="DE" term="%22Demand+Occupations%22">Demand Occupations</searchLink><br /><searchLink fieldCode="DE" term="%22Labor+Needs%22">Labor Needs</searchLink><br /><searchLink fieldCode="DE" term="%22Alignment+%28Education%29%22">Alignment (Education)</searchLink><br /><searchLink fieldCode="DE" term="%22Credentials%22">Credentials</searchLink><br /><searchLink fieldCode="DE" term="%22Graduation+Requirements%22">Graduation Requirements</searchLink><br /><searchLink fieldCode="DE" term="%22Noncredit+Courses%22">Noncredit Courses</searchLink><br /><searchLink fieldCode="DE" term="%22Continuing+Education%22">Continuing Education</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Costs%22">Student Costs</searchLink><br /><searchLink fieldCode="DE" term="%22Job+Training%22">Job Training</searchLink><br /><searchLink fieldCode="DE" term="%22Program+Costs%22">Program Costs</searchLink><br /><searchLink fieldCode="DE" term="%22Program+Implementation%22">Program Implementation</searchLink><br /><searchLink fieldCode="DE" term="%22Program+Effectiveness%22">Program Effectiveness</searchLink><br /><searchLink fieldCode="DE" term="%22Enrollment+Rate%22">Enrollment Rate</searchLink><br /><searchLink fieldCode="DE" term="%22Enrollment+Trends%22">Enrollment Trends</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Characteristics%22">Student Characteristics</searchLink><br /><searchLink fieldCode="DE" term="%22Wages%22">Wages</searchLink><br /><searchLink fieldCode="DE" term="%22Outcomes+of+Education%22">Outcomes of Education</searchLink><br /><searchLink fieldCode="DE" term="%22Graduation+Rate%22">Graduation Rate</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Virginia%22">Virginia</searchLink>
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  Label: Abstract
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  Data: A product of the 2016 Session of the General Assembly, the New Economy Workforce Credential Grant (WCG) Program represents the nation's first pay-for-performance model for funding noncredit workforce training that leads to a credential in a high-demand field. Using a two-pronged approach, the WCG works to increase program completion and credential attainment by incentivizing both the provision of noncredit programs in certain institutions of higher education (IHEs) and enrollment by Virginia residents. The enabling legislation tasks the State Council of Higher Education for Virginia (SCHEV) with administering and monitoring the WCG, as well as reporting on annual progress to the General Assembly and the Virginia Workforce Development Board (VWDB, or the Board). The following report provides a review of enrollments, completions, costs, and outcomes across the Commonwealth over the past fiscal year, from July 1, 2023, through June 30, 2024.
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  Data: ED677457
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    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 22
    Subjects:
      – SubjectFull: State Programs
        Type: general
      – SubjectFull: Grants
        Type: general
      – SubjectFull: Labor Force Development
        Type: general
      – SubjectFull: Training Allowances
        Type: general
      – SubjectFull: State Aid
        Type: general
      – SubjectFull: Postsecondary Education
        Type: general
      – SubjectFull: Demand Occupations
        Type: general
      – SubjectFull: Labor Needs
        Type: general
      – SubjectFull: Alignment (Education)
        Type: general
      – SubjectFull: Credentials
        Type: general
      – SubjectFull: Graduation Requirements
        Type: general
      – SubjectFull: Noncredit Courses
        Type: general
      – SubjectFull: Continuing Education
        Type: general
      – SubjectFull: Student Costs
        Type: general
      – SubjectFull: Job Training
        Type: general
      – SubjectFull: Program Costs
        Type: general
      – SubjectFull: Program Implementation
        Type: general
      – SubjectFull: Program Effectiveness
        Type: general
      – SubjectFull: Enrollment Rate
        Type: general
      – SubjectFull: Enrollment Trends
        Type: general
      – SubjectFull: Student Characteristics
        Type: general
      – SubjectFull: Wages
        Type: general
      – SubjectFull: Outcomes of Education
        Type: general
      – SubjectFull: Graduation Rate
        Type: general
      – SubjectFull: Virginia
        Type: general
    Titles:
      – TitleFull: New Economy Workforce Credential Grant. Annual Report 2024
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              Type: published
              Y: 2025
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            – TitleFull: State Council of Higher Education for Virginia
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