Project
| ID | INDIGO-POJ-0097 |
|---|---|
| Impact Bond Name - (Value) | Massachusetts Pathways to Economic Advancement Pay for Success Project |
| Stage of Development - (Value) | Implementation |
| Dates - Date outcomes contract signed - (Value) | 2016-09 |
| Dates - Start date of service provision - (Value) | 2017-06 |
| Dates - (Source ID's) | source2,source3 |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 12430000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 12430000 |
| Purpose and classifications - Intervention - (Value) | The intervention aims at delivering various services including Vocational English classes, as well as reading, math, science, and computer literacy instruction, integrated with job readiness and job search assistance, occupational skills development activities (e.g. customer service, industry-specific vocabulary), and coaching (e.g. interviewing prep). The intervention will assist limited English speakers, including documented immigrants and refugees, in making succesful transitions to employment, higher wage jobs, and higher education. The service provider will offer four distinct program tracks: Rapid Employment, English for Advancement, Skills Training, and Bridges to College. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source14,source1 |
| Service and beneficiaries - Target population - (Value) | Eligibility differs depending on intervention track: recent immigrants and refugees with low English language skills, limited education/work experience in the US (RE); individuals with low-to-intermediate English language skills, unemployed, hold work authorization, working lower-skilled/part-time jobs (EFA); intermediate English participants who have documented work history in US, but lack language/vocational skills needed to obtain desired position (OST); individuals qualified financial aid with higher level English skills, high school credential, low English, math, science, and computer skills, and meeting entry criteria for program on academic assessment by service provider (BTC). |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 2000 |
| Service and beneficiaries - (Source ID's) | source14 |
| Delivery Locations 1: Location - Name - (Value) | Greater Boston Area, MA, USA |
| Delivery Locations 1: Location - Country - (Value) | US |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 42.366489 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | -71.060985 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Massachusetts Pathways to Economic Advancement Pay for Success Project fact sheet (2016) - p.1 |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - p.1 |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | PFS Social Finance press release, https://socialfinance.org/news/baker-polito-administration-launches-workforce-development-pay-success-project/ |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - Schedule B, p. 3 |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Massachusetts Pathways to Economic Advancement Pay for Success Project fact sheet (2016) - p.3 |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | GuideStar.org, https://www.guidestar.org/search |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - p.8 |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | Massachusetts Pathways to Economic Advancement Pay for Success Project fact sheet (2016) - p.3 - 6 |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - Schedule C, p. 4 - 5 |
| Sources 10: Id | source10 |
| Sources 10: Name - (Value) | Massachusetts Pathways to Economic Advancement Pay for Success Project fact sheet (2016) - p.4 - 6 |
| Sources 11: Id | source11 |
| Sources 11: Name - (Value) | Massachusetts Pathways to Economic Advancement Pay for Success Project fact sheet (2016) - p.2 |
| Sources 12: Id | source12 |
| Sources 12: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - Schedule A, p. 1 |
| Sources 13: Id | source13 |
| Sources 13: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - p. 6 |
| Sources 14: Id | source14 |
| Sources 14: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - Schedule A, p. 1 - 3 |
| Sources 15: Id | source15 |
| Sources 15: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - p. 8 |
| Sources 16: Id | source16 |
| Sources 16: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - Appendix A, p. 9 |
| Sources 17: Id | source17 |
| Sources 17: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - Schedule D, p.1 |
| Sources 18: Id | source18 |
| Sources 18: Name - (Value) | Pay for Success Contract among The Commonwealth of Massachusetts, Jewish Vocational Service, Social Finance, Inc., and Massachusetts Pathways to Economic Advancement 2016 LLC (16/09/2016) - Schedule A, p. 1 - 3; Schedule C, p. 4 - 5 |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0871 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0875 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 15000000 |
| Outcome Payment Commitments 1: Total outcome payments made - Amount - (Value) | $ |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0562 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0877 |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0878 |
| Investments 4: Id | investment4 |
| Investments 4: Organisation ID - (Value) | INDIGO-ORG-0879 |
| Investments 5: Id | investment5 |
| Investments 5: Organisation ID - (Value) | INDIGO-ORG-0880 |
| Investments 6: Id | investment6 |
| Investments 6: Organisation ID - (Value) | INDIGO-ORG-0422 |
| Investments 7: Id | investment7 |
| Investments 7: Organisation ID - (Value) | INDIGO-ORG-0881 |
| Investments 8: Id | investment8 |
| Investments 8: Organisation ID - (Value) | INDIGO-ORG-0882 |
| Investments 9: Id | investment9 |
| Investments 9: Organisation ID - (Value) | INDIGO-ORG-0883 |
| Investments 10: Id | investment10 |
| Investments 10: Organisation ID - (Value) | INDIGO-ORG-0884 |
| Investments 11: Id | investment11 |
| Investments 11: Organisation ID - (Value) | INDIGO-ORG-0885 |
| Investments 12: Id | investment12 |
| Investments 12: Organisation ID - (Value) | INDIGO-ORG-0100 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0872 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0856 |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0605 |
| Intermediary services 4: Organisation ID - (Value) | INDIGO-ORG-0873 |
| Intermediary services 5: Organisation ID - (Value) | INDIGO-ORG-0874 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Rapid Employment. Increase in average earnings of all Rapid Employment Matured Participants during Individual Earnings Observation Periods. DUA data (quarterly earnings). |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 2000 |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Skills Training. Increase in average earnings of all Skills Matured Participants during their Individual Earnings Observation Periods relative to historical baseline. DUA data (quarterly earnings). |
| Outcome Metrics 2: Primary SDG goal - (Value) | 4 |
| Outcome Metrics 2: Primary SDG target - (Value) | 4.4 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | English for Advancement. Increase in average earnings of Matured Participants with a PFS identifier during Individual Earnings Period relative to control group. DUA data (quarterly earnings). |
| Outcome Metrics 3: Primary SDG goal - (Value) | 4 |
| Outcome Metrics 3: Primary SDG target - (Value) | 4.4 |
| Outcome Metrics 4: Id | outcomemetric4 |
| Outcome Metrics 4: Outcome Definition - (Value) | Bridges to College. Number of Bridges Enrolled Participants with at least 12 college credits/at most 3 remedial credits during Individual Post-Secondary Education Observation Period. DHE HEIRS administrative data. |
| Outcome Metrics 4: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 5: Id | outcomemetric5 |
| Outcome Metrics 5: Outcome Definition - (Value) | Program Engagement. Total number of enrolled participants in each program track with a PFS identifier. DUA and DHE HEIRS data. |
| Outcome Metrics 5: Primary SDG goal - (Value) | 8 |
| Documents 1: Title - (Value) | PFS - Contract |
| Documents 1: URL - (Value) | https://s3.eu-west-2.amazonaws.com/golab.prod/documents/PFS_contract-7.pdf |
| Documents 2: Title - (Value) | PFS - Fact Sheet |
| Documents 2: URL - (Value) | https://s3.eu-west-2.amazonaws.com/golab.prod/documents/PFS_fact_sheet-6.pdf |