Official Site of The State of New Jersey

Introducing Fund My Future

The New Jersey Department of Labor and Workforce Development (NJDOL) has launched a one-year pilot program to fund the training of unemployed and employed low-income individuals below the ALICE guidelines. The Fund My Future pilot program was launched as a result of the State of New Jersey’s Future of Work Task Force.

Fund My Future is based on the concept of a Lifelong Learning Account (LiLA) – funds used by an individual to advance their training and career goals.

Preparing and empowering New Jersey job seekers in today’s labor market:

In this pilot program, qualifying residents can receive funding for training and supportive services that may be necessary to complete their education and training programs.

Participants will collaborate with their assigned career coach to develop and Individual Employment Plan (IEP).

The main goal of this Notice of Grant Opportunity is to promote equality of opportunity, upward mobility, and economic fairness. This competitive NGO is being made available to accomplish the following goals:

• Partnership: Develop partnerships to (1) support recruitment of target populations, (2) strengthen career coaching/mentoring practices, and (3) ensure connection to critical supportive services, such as childcare and housing partners
  
  
• Assessment and Plan Development: Engage in robust assessment activities to identify personal goals and develop IEPs, including use of Labor Market Information and decision support tools such as Training Explorer
  
  
• Career Coaching: Provide ongoing and consistent career coaching/mentoring, including connection to supportive services, to help participants navigate IEPs and manage decisions about how to utilize FMF funding
  
  
• Outcomes: Help participants navigate to successful outcomes, including the attainment of industry-recognized credentials and entry and advancement in employment opportunities
  
  
• Virtual Services: Offer training and career coaching/mentoring via digital platforms to ensure participant accessibility
  
  
• Work-Based Learning: Partner with employers to increase unsubsidized employment opportunities and retention
  
  
• Evaluation and Learning: Use data and evidence to track outcomes and improve how participants utilize FMF funds
  
  
• Participant Funds: Develop processes for managing and distributing funds to eligible participants.