Social Finance Announces UP Fund to Catalyze Economic Mobility

September 24, 2020

“The Career Impact Bond: a tool for equitable economic recovery

By increasing access to high-quality training programs for workers who may otherwise be left behind, the CIB can help Americans reskill and upskill in the wake of COVID-19. The CIB is tailored to students who face barriers to education and employment, such as criminal justice involvement, credit history, or low levels of educational attainment or professional experience — barriers that disproportionately affect people of color. In the General Assembly CIB, 38% of learners are Black, more than six times the program’s traditional student population.

The CIB was created prior to the pandemic, but the need for this impact-first model is more critical today as the labor market shifts and millions of workers are displaced.”

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