Reducing poverty and increasing postsecondary attainment is the focus of an important study launching this fall in the Commonwealth. This study, the Virginia Financial Success Network, will aim to help families build self-sufficiency, stabilize finances and move ahead.
The U.S. Department of Labor awarded $12 million to the Virginia Community College System through the Workforce Innovation Fund to replicate the Working Families Success Model (WFSN) in six Virginia Workforce Centers across the state. Locations of the Virginia Workforce Centers include Roanoke, Piedmont, South Central Virginia, Northern Virginia, Hampton Roads, Danville and Martinsville.
VFSN coaches and case managers will deliver bundled services under three main pillars –
- Education and Employment Services
- Work & Income Supports
- Financial & Asset Building Services
“We are pleased that this initiative will contribute to the New Virginia Economy, to reduce poverty, increase credential attainment and improve the quality of life for low to moderate income families,” shared Paula Dehetre, Project Director.
All participants in the Virginia Financial Success Network must first be determined to be WIOA-eligible (Workforce Innovation and Opportunity Act). A total of 1,800 randomly selected participants will participate in the study over a three year period.
Coaches from six local workforce regions, four community colleges and a myriad of other state agency partners were trained this week in the use of The Benefit Bank® and My Budget Coach®, new tools brought to the Commonwealth by its partner, Solutions for Progress, and supported by the Workforce Innovation Fund. Customers will be able to e-file taxes, apply for student financial aid, veterans’ benefits and other public benefits to aid them while they seek employment and enhance their educational background.
This research study is being evaluated by Public Policy Associates, Inc. of Lansing, Michigan, to test the effectiveness and efficiency of the model. Customers are being randomly selected for participation.
Post a Comment