Launching and Managing a Regional Workforce Funding Collaborative

Publication Date: May 2008

Publisher: National Network of Sector Partners; Insight Center for Community Economic Development

Author(s):

Research Area: Labor

Type: Report

Abstract:

A Launch Committee of interested funders sponsors and helps organize one or more Funder Briefings. It meets with potential funders to explain the Workforce Funding Collaborative. It may also explore the potential for matching funds. Based on the response to these activities, it determines whether to establish a Workforce Collaborative.

The Launch Committee designs, develops, and promotes a collaborative investment pool and a funding process.

The Launch Committee organizes the formation of a governing committee. Typically, the governing committee includes representatives of each investor in order to ensure that the member investors in the Collaborative are the decision makers.

The Launch Committee typically funds one or more experienced consultants to staff the Workforce Collaborative, and to support fund development and program management.