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New Economy Workforce Credential Grant. Annual Report 2025

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Title: New Economy Workforce Credential Grant. Annual Report 2025
Language: English
Authors: State Council of Higher Education for Virginia (SCHEV)
Source: State Council of Higher Education for Virginia. 2026.
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: 25
Publication Date: 2026
Document Type: Reports - Research
Education Level: Postsecondary Education
Higher Education
Two Year Colleges
Descriptors: Postsecondary Education, Enrollment Rate, Educational Attainment, State Programs, Demand Occupations, Labor Force Development, Job Training, Education Work Relationship, Student Certification, Educational Certificates, Program Costs, Student Characteristics, Community Colleges, Outcomes of Education
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 establishing statutes appear in Article 4.1 of Title 23.1 of the Code of Virginia. The purpose of this report is to provide to the General Assembly and the Virginia Board for Workforce Development a review of FY 2025 enrollments, completions, costs and outcomes of the New Economy Workforce Credential Grant program, as outlined in § 23.1-627.7.
Abstractor: ERIC
Entry Date: 2026
Accession Number: ED679876
Database: ERIC
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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="%22Virginia%22">Virginia</searchLink>
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  Data: 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 establishing statutes appear in Article 4.1 of Title 23.1 of the Code of Virginia. The purpose of this report is to provide to the General Assembly and the Virginia Board for Workforce Development a review of FY 2025 enrollments, completions, costs and outcomes of the New Economy Workforce Credential Grant program, as outlined in § 23.1-627.7.
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      – Text: English
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      Pagination:
        PageCount: 25
    Subjects:
      – SubjectFull: Postsecondary Education
        Type: general
      – SubjectFull: Enrollment Rate
        Type: general
      – SubjectFull: Educational Attainment
        Type: general
      – SubjectFull: State Programs
        Type: general
      – SubjectFull: Demand Occupations
        Type: general
      – SubjectFull: Labor Force Development
        Type: general
      – SubjectFull: Job Training
        Type: general
      – SubjectFull: Education Work Relationship
        Type: general
      – SubjectFull: Student Certification
        Type: general
      – SubjectFull: Educational Certificates
        Type: general
      – SubjectFull: Program Costs
        Type: general
      – SubjectFull: Student Characteristics
        Type: general
      – SubjectFull: Community Colleges
        Type: general
      – SubjectFull: Outcomes of Education
        Type: general
      – SubjectFull: Virginia
        Type: general
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      – TitleFull: New Economy Workforce Credential Grant. Annual Report 2025
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