September 30, 2022

United Way Miami and Social Finance Launch Workforce Project Pilot to Improve Skills for Miami Residents

Project supported by a philanthropic donation from mackenzie scott; participants will be trained in coding for the pilot

MIAMI, August 2, 2022 /PRNewswire/ — United Way Miamiin partnership with Social Financea national non-profit impact fundraising and advisory organization, today announced the launch of the United Way Miami Workforce Projectan initiative to build skills miami residents and empower them to secure in-demand jobs that lead to economic mobility. This program is the direct result of a multi-million dollar donation made to United Way Miami in 2020 by philanthropist and novelist, mackenzie scott.

United Way Miami logo

“We conducted an extensive study that included focus groups with multiple stakeholder groups and careful analysis of what contributes to financial instability in our community. We came to the conclusion that a community development program workforce with student-friendly funding is the best solution to help our residents develop valuable skills and earn higher-paying jobs,” said Mary Donworthprogram manager at United Way Miami. “We are extremely grateful to Ms. Scott for her incredibly generous donation and we look forward to using it to further the career advancement of Miami Dade County residents. We would also like to thank McKinsey & Company for their pro bono support of this important study.”

Social Finance runs the United Way Miami Workforce Project, which was launched as a pilot program with a training partner 4Geeks Academy train miami residents for careers in coding and programming technologies. Participants have the option to register with 4Geeks Full Stack Developer 9-week full-time program or 16-week part-time program with no upfront cost. Over 82% of 4Geeks students get a job in the field within a year of completing the course. Interested participants can apply at miamiworkforce.org.

The United Way Miami Workforce Project was structured as a Pay It Forward Funds create a sustainable cycle of professional training – the first of its kind in the state. Participants who find jobs earning more than a certain amount will repay the cost of their tuition through monthly payments, contributing to a common fund to support future learners. They may also be eligible to receive essential support services such as career advice, living allowances and emergency relief funds to help them graduate and succeed. The pilot project will serve a total of 100 students. United Way and Social Finance expect the project to expand to training providers in other industries in the coming months, such as transportation and healthcare.

“We are thrilled to partner with United Way Miami and leverage generous funding from mackenzie scott to expand economic opportunities in the Miami Dade region,” said Tracy PalandjianCEO and co-founder of Social Finance. “Through a Pay It Forward fund, we will simultaneously help boost the local economy and improve worker skills to achieve economic mobility in a sustainable way, as successful graduates ‘pay it forward’ to support future learners. “

This initiative comes at a critical time, as Miamians continue to grapple with the social and economic upheaval unleashed by the pandemic. More than half of households in Miami Dade County struggling to make ends meet or living in poverty. According to the United States Bureau of Labor Statistics, the average weekly wage in Miami Dade County are below the national average of $1,173, despite the fact that the cost of living exceeds the national average. Research shows that the pandemic has exacerbated the already precarious financial situations of the ALICE population (Asset Limited, Income Constrained, Employed).

“We are thrilled to have been chosen as the premier training partner for the United Way Miami Workforce Project,” said Marcelo RiciglianoCEO of 4Geeks Academy. “The concept of developing our residents and giving them the tools they need to excel in their careers and improve their financial stability is something we have been committed to since our beginnings in miami in 2016.”

For more information about the program, please visit miamiworkforce.org.

MEDIA CONTACTS:

United Way Miami
Stephanie Giner
305-646-7121
giners@unitedwaymiami.org

Social Finance
carrie benjamin
857-340-6064
cbenjamin@socialfinance.org

About United Way Miami

United Way Miami is a driving force in the community, successfully meeting emerging needs and transforming people’s lives. Since 1924, we have worked with our network of donors, volunteers and partners to generate and amplify resources and advocate for policies that improve the quality of life for all. We are leveraging our unique role as a convener, strategic funder, service provider, advocate and influencer so that everyone in Miami Dade has access to a quality education and the opportunity to lead a healthy and financially secure life – the building blocks of a thriving community. Learn more at unitedwaymiami.org.

About social finance

Social Finance is a national not-for-profit impact finance and advisory organization. We work with the public, private and social sectors to create partnerships and investments that measurably improve lives. Since our creation in 2011, we have mobilized $350 million in new investments designed to help individuals and communities achieve better outcomes in education, economic mobility, health and housing. In addition to managing the investment program funded by the Google Career Certificates Fund, our economic mobility portfolio includes the UP Fund, location-based Pay It Forward funds and the Dreamers Graduate Loan Fund. Learn more at socialfinance.org.

About 4Geeks Academy

Founded in 2016, 4Geeks Academy is a miami-based coding school with campuses in the UNITED STATES, Europeand Latin America, dedicated to empowering talent with code by providing flexible and premium educational experiences. 4Geeks strives to be the most relevant career development community for current and future developers. 4Geeks Academy is based in the United States with 4 coding programs available to students and has graduated over 2,650 graduates and helped 82% of those who complete the entire process land jobs in the field. Learn more at 4geeksacademy.com.

Social finance logo (PRNewsfoto/Social Finance US)

Social finance logo (PRNewsfoto/Social Finance US)

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SOURCE Social Finance