Google has announced the launch of a new fund with a goal to drive $1 billion in aggregate wage gains for American job workers.
In a press release announcement, it was revealed that the fund, which is known as the Google Career Certificates Fund, has a $100 million war chest.
“We are excited to support Social Finance to help expand economic opportunity for more Americans with our new $100 million Google Career Certificates Fund,” said Sundar Pichai, CEO, Google, and Alphabet, in the press release announcement. “This innovative funding model brings together digital skills training and support services to connect more Americans to high-growth, high-paying jobs. We hope it will be transformative for people, their families, and their communities.”
MDRC, an independent third-party, will provide the “checks and balances” to ensure that Google does what they claim it will do with this new initiative. MDRC, originally founded in 1974 as the Manpower Demonstration Research Corporation, works on applying new concepts about changes in policy to improve the lives of economically disadvantaged peoples, according to their official website.
According to the official website for Google Career Certificates, they provide training for more than 1 million jobs across a variety of sectors. They also tout the ability to “learn at your own pace,” with a promise of achieving your goals with just under 10 hours of flexible study per week. 75 percent of all program graduates report an improvement in their career within 6 months of certificate completion and the average salary for entry-level roles across certificate fields is more than $60,000.
It sounds like a great opportunity!