Is Entrepreneurship a ‘Successful Outcome’ for Government Programs?
The way that entrepreneurs are viewed by the federal government continues to evolve. Savvy policymakers have been pointing to new and young firms as the true engines of economic growth for several years — but you can really see the progress when it filters down to federal programs.
If it filters down to federal programs.
When the Workforce Innovation and Opportunity Act (WIOA) was signed into law in 2014, it replaced the Workforce Investment Act (WIA) and updated the performance metric system. Until now, entrepreneurial training was not a legitimate option since it was not viewed or tracked as a “successful outcome.”
The Department of Labor is soliciting input from the American public on the new set of performance metrics — intending to streamline reporting requirements and to allow “apples to apples” comparisons across programs to gauge effectiveness. The deadline for the comment period is June 15.
comments powered by