“The new fund, dubbed the Massachusetts Climate Careers Fund, will be led by Social Finance, a national nonprofit that was founded in Boston. The fund would be refilled as workers and employers pay back the interest-free loans with income from their new climate jobs or from their employers directly, she said.
The fund, which will raise all its money from yet-to-be-named philanthropic donors, according to a Social Finance spokesperson, will provide interest-free loans for people in existing state-funded training programs. The loans will help cover tuition, transportation, child care, and other needs of those hoping to join the climate tech workforce.”