New Jersey Career Impact Bond Fund and Career Impact Bond (CIB) have/had a generic relationship

Funds New Jersey Career Impact Bond Fund
Funded by Career Impact Bond (CIB)
Start Date 2020-00-00
Notes The coalition is expected to create a series of programs to meet its goals, including the creation of the first statewide and first government-supported Career Impact Bond Fund, and a Procurement Center of Excellence. Career Impact Bonds pay for the cost of the training programs and wrap-around services on behalf of the student beneficiaries. Students then pay back the costs over time once they attain and maintain employment with a salary above a certain threshold. The repaid money is recycled to fund training for future students.
Updated over 3 years ago

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