It’s graduation season, which means people across the country are thinking about entering the job market. Third Sector Capital Partners, a grantee of the Social Innovation Fund’s Pay for Success program, is currently working to improve employment outcomes for urban young adults by working with Year Up, a Boston-based organization that seeks to improve employment outcomes for urban young adults. Year Up’s Professional Training Corps (PTC) model is an intensive one-year program for 18-to-24-year-olds who are disconnected from both school and work. In 14 locations nationwide, Corps participants spend six months
Funding will support competition to develop the capacity of state and local governments to engage in Pay for Success contracts
The Corporation for National and Community Service’s (CNCS) Social Innovation Fund (SIF) today announced a $1.9 million grant award to Third Sector Capital Partners, Inc. to accelerate the Pay for Success field. Third Sector will use the funding to hold an open competition for state and local governments to receive Pay for Success (PFS) technical advisory services.
“We are honored to receive SIF funding to continue to drive America’s investment in a