Massachusetts COMMBUYS #BD-27-1100-EED01-EED01-133946

Massachusetts seeks comparable offers for a SIPPRA-funded workforce-training outcomes-financing project

The Commonwealth of Massachusetts is seeking comparable offers for a proposed workforce-training outcomes-financing project and federal funding application. - Government buyer: Commonwealth of Massachusetts, Executive Office of Economic Development (EOED), including its Economic Development Department. - Proposed partner and named organizations: Opportunity Insights Capital, LLC (Opportunity Capital), affiliated with Opportunity Insights, a nonprofit organization based at Harvard University. The proposed application seeks up to $11.8 million from the U.S. Department of the Treasury’s SIPPRA funding program. - Requested services: - Develop the funding application and workforce-training project design. - Structure outcomes-based financing and secure private investor commitments. - Coordinate EOED, investors, training programs, and other participants; manage the project. - Plan evaluation using a digital twins model in coordination with the independent evaluator. - If federal funding is awarded, implement and manage the approved project. - Key requirements and financial structure: The project is intended to expand workforce-training access and improve employment and earnings outcomes for Massachusetts workers. Private investors provide upfront financing and bear the risk that outcome payments are reduced or not earned. EOED states that no Commonwealth funds will be paid to the offeror. Respondents must demonstrate comparable or better qualifications, available financing and terms, a feasible project and evaluation approach, and the ability to meet federal requirements. - Products and quantities: No products, part numbers, or product quantities are specified; the opportunity is for services.

Description

The Executive Office of Economic Development (EOED) gives notice of its intent to accept a Best Value Offer from Opportunity Insights Capital, LLC, while inviting other interested and qualified entities to submit comparable or better offers. The proposed partnership would develop an application requesting up to $11.8 million in FY26 SIPPRA funding to expand access to workforce training and improve employment and earnings outcomes for Massachusetts workers. Proposed services include funding application development, outcomes-based financing, securing private capital, project coordination, evaluation support, and implementation if federal funding is awarded. EOED states it will not pay Commonwealth funds to the offeror; responses must be submitted through COMMBUYS by the stated deadline.

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