Registration for this webinar is now closed.
|Date:||Thursday, Jan. 28, 2016
|Time:||2-3 p.m. CT | 3-4 p.m. ET|
This Connecting Communities® webinar will focus on two relatively new financial innovations being applied to workforce development: pay-for-success/social-impact bonds and Canada's community employment loan program (CELP).
While several social impact bonds (SIBs) have been structured to improve employment outcomes for formerly incarcerated individuals, Boston-based Social Finance Inc. is currently structuring a SIB that will support broader workforce development efforts in Massachusetts. The webinar will demonstrate how the pay-for-success model is well-positioned to scale and ultimately increase the amount of private capital used for effective workforce-development programs.
Designed and implemented by Social Capital Partners in Ontario, Canada, CELP aims to drive positive employment outcomes for vulnerable populations by reducing the interest rate on loans to small and medium-size businesses. In exchange for the reduced rates, these businesses agree to hire people facing barriers to employment, including single parents and those with low income, medical/physical disabilities, no education certifications, etc. The webinar will highlight CELP's potential broader impact: societal cost savings from moving people into stable employment.
For more information, please email firstname.lastname@example.org.
The Connecting Communities webinar series is a Federal Reserve System initiative intended to provide a national audience with timely information on emerging and important community and economic development topics. The webinar series complements existing Federal Reserve community development outreach initiatives that are conducted through Reserve bank regional offices and at the Federal Reserve Board of Governors in Washington, D.C.