Investment Spotlight: Social Finance Career Impact Bonds
The Colorado Health Foundation invested in the Social Finance Career Impact Bonds (CIB), a student-friendly financing model that expands access to quality, industry-recognized career training to people who face barriers to education and focuses on healthcare occupations, including medical assistants.
- Investment amount: $10MM (several funders)
- Return on investment: Recoverable Grant
- Investee: Social Finance
- Key features: 1) Previous success of ushering Black and Latinx students into higher paying careers, 2) Uniquely designed to only require individuals to repay if they find a high quality job, and 3) Designed to address inequities in economic opportunities for individuals living on low income.
