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New Economy Workforce Credential Grant (Virginia)

 
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    CFDA#

    		 

    Funder Type

    State Government

    IT Classification

    B - Readily funds technology as part of an award

    Authority

    State Council of Higher Education for Virginia (SCHEV)

    Summary

    During the 2016 session, the General Assembly passed HB 66 which established the New Economy Workforce Grant Program. This grant program, the first of its kind, 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 in order to avoid paying additional costs. A summary of the major key components of the program are included below:

    • Funds may be provided to eligible institutions for non-credit training that leads to a workforce credential in a high demand field.
    • Non-credit training programs should align with the high demand fields set by the Virginia Board for Workforce Development
    • Students are required to pay one-third of the total cost of the program upon enrollment. Students may use third party funds, such as noncredit financial aid, training vouchers or employer payment to cover this cost.
    • If the student completes the training, then the state provides one-third of the cost of the program, up to $1,500 to institution. If the student does not complete the program, then the student is required to pay this portion of the total cost
    • If the student satisfactorily completes the workforce credential after completing the training, then the institution receives the remaining one-third of the cost of the program up to $1,500. The combined maximum award to an institution is $3,000 for completion of training and a credential
    • Institutions must provide student-level data to SCHEV to receive funding
    • SCHEV is responsible for administering the program, conducting periodic assessment of the program, collecting student data, and making final decisions on disputes between eligible institutions and grant recipient
     

    History of Funding

    A list of participating institutions is available here: https://virginiacareerworks.com/workforce-credential-grant/

    Additional Information

    For a list of approved high-demand occupations and aligned programs offered, please visit: https://virginiacareerworks.com/workforce-credential-grant/

    Contacts

    Wendy Kang

    Wendy Kang

    ,

    Lee Andes

    Lee Andes

    ,
     

  • Eligibility Details

    Eligible institutions include community colleges, higher education centers and Richard Bland College. Community colleges across Virginia and the Southern Virginia Higher Education Center currently are offering these programs. Additional providers may join later.

    Deadline Details

    Grants are awarded on a first-come, first-serve basis. Please contact SCEHV for details on how to apply for this opportunity.

    Award Details

    The award amount is $5 million in the first year and $7.5 million in the second year and awarded on a first-come, first-served basis

    Related Webcasts Use the links below to view the recorded playback of these webcasts


    • Maximizing Technology-friendly Workforce Development Grants - Sponsored by Panasonic - Playback Available
    • Funding Data-driven Workforce Development Projects - Sponsored by NetApp - Playback Available
    • Top 10 Local Grant Programs You Won't Want to Miss in 2015 - Sponsored by Sprint - Playback Available

 

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