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The report outlines the program’s purpose, funding history, requirements, and pay-for-performance model, including alignment to high-demand occupational fields. It summarizes institutional participation, student demographics, training and credential completion rates, tuition and state reimbursement costs, wage and earnings analysis by field and race/ethnicity, and provides conclusions with next steps and program cap and reimbursement updates.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/new-economy-workforce-credential-grant-annual-report-2023-february-2024/587205/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/new-economy-workforce-credential-grant-annual-report-2023-february-2024/587205.png","ImageObject",300,407,{"name":92,"@type":93},"วิน","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-12","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is the purpose of the New Economy Workforce Credential Grant Program?","Question",{"text":112,"@type":113},"The program provides pay-for-performance funding for noncredit workforce training that leads to credentials in high-demand fields, with requirements to complete the program to avoid additional costs.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What did FY 2023 show about enrollments, training completions, and credential completion rates?",{"text":117,"@type":113},"Institutions reported 13,428 enrollments in FY 2023, with 12,749 completing training. 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This grant program, the first of its kind in the nation, provides a pay-for-performance model for funding noncredit workforce training that leads toa 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 below. The establishing statutes appear in Article 4.1 of Title 23.1 of the Code of Virginia.  \nThe purpose of this report i","cbCaiuanLwJy17JT","https://ap.wps.com/l/cbCaiuanLwJy17JT","pdf",839241,"English","# Purpose of This Report\n# Summary of Findings for FY 2023\n## Program Purpose\n## History of Funding\n## Program Requirements and Pay-for-Performance Model\n## High-demand Field and Training Alignment Process\n## Training Programs Offered by Eligible Institutions\n## Enrollment, Training and Credential Completions and Costs\n## Training Offered in 10 High-Demand Occupational Fields\n## Top Training Programs and Alignment to Annual Job Openings\n## Training Completion Rates and Credential Completion Rates\n## Participation and Completion Rates by Institution\n## Student Demographics\n## Earnings Outcomes\n## Methodology\n## Additional Observations and Next Steps\n# Conclusion","[{\"question\":\"What is the purpose of the New Economy Workforce Credential Grant Program?\",\"answer\":\"The program provides pay-for-performance funding for noncredit workforce training that leads to credentials in high-demand fields, with requirements to complete the program to avoid additional costs.\"},{\"question\":\"What did FY 2023 show about enrollments, training completions, and credential completion rates?\",\"answer\":\"Institutions reported 13,428 enrollments in FY 2023, with 12,749 completing training. Among completers, 9,539 earned a credential, with completion and credentialing rates averaging about 95% and 71% respectively.\"},{\"question\":\"How did earnings outcomes change after program completion?\",\"answer\":\"The report states that median annual wages increased by $9,350, or 38%, in the 12 months following program completion, with related wage analysis also provided by occupational field and demographics.\"}]","New Economy Workforce Credential Grant Annual Report 2023 - February 2024 | PDF",1792061033]