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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