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SOLEDAD: WELCOME BK ACTO “MATTER OF FACT.” THE JOB MARKET IS HOT. THE DEPARTMENT OF LABOR SAYS U.S. EMPLOYERS POSTED 10.1 MILLION JOB OPENINGS IN JUNE. THAT AFTER HIRING 6.7 MILLION RKS.ERWO SO WHILE MUCH HAS BEEN SAID , ABOUT THE DEMAND FOR WORKERS, LITTLE HAS BEEN SAID ABOUT THE TRAINING GAP. CORRESPONDENT JESSICA MEGOZ TAKES A LOOK AT AN INNOVATIVE APPROACH TO HELP WORKERS GET THE SKILLS THAT MATCH THE JOBS. >> EVERY DAY I DON’T KNOW WHAIT AM GOING TO GET HANDED. IT’S LIKE A BIG PUZZLE, YOU KNOW. IT'S PROBLEM SOLVI.NG JESSICA: CAM JUDY, LESS TH AAN MONTH INTO A BRAND NEWOB J AS DIESEL TECHNICIAN IN COLUMBUS, OHIO. OVER THE PAST YEAR, A LOT HAS CHANGED FOR THE 28 YEAR D.OL CAM: YOU HAVE THAT PIT IN YOUR STOMH.AC HOW AM IOI GNG TO TAKE CARE OF MY FAMILY? JESSICA: CAM WAS LIVING IN WTES VIRGINIA WHEN THE PANDEMIC STARTED. HIS WIFE LOST HER CORPORATE JOB, AND HIS JOB AS A CHIROPRACCTI ASSISTANT WASN’T ENOUGH TO PAY THE BILLS. M:CA I STARTED LOOKING AT WHAT CAN I DO TO HAVE THAT ADVANCENEMT IN SOMETHING I ENJOY DOG?IN JESSICA: THAT’S WHEN HE FODUN AMERICAN DIEL TRSEAINING CENTERS IN COLUMBUS OFFERING A FIVE-WEEK , TRAINING PROGRAM WITH NO UPFRONT TUITION COSTS AND HELP WITH THINGS LIKE TRANSPORTATNIO AND LIVING EXPENSES. CAM: I THOUGHT, THIS WAS TOO GOOD TO BE TRUE, MY GRANDFATHER WOEDRKN I THE AUTOMOTIVE INDUSTRY FOR 30 YEARS. NO WAY I CAN LEARN WHAT HE KNOWS IN FIVE WEEKS AND PEOPLE ARE INGOG TO HIRME?E JESSICA: BUT IN AN INDUSTRY WITH TENS OF THOUSANDS OFOB J OPENINGS, EVEN BEFORE GRADUATING FROM THE PROGRAM, CAM HAD MULTIPLE OFFS.ER HE’S NOW MAKING NEARLY $42,000 A YEAR AT KENWORTH TRUCKS, MORE THAN DOUBLE WHAT HE WAS MANGKI JUST A FEW MONTHS AGO. >> IT ALLOWS PEOPLE WITH VYER LITTLE RISK, TO ELEVATE THEIR SOCIOECONOMIC STATUS, SOMETIMES EXPONENTIALLY. JESSICA: TIM SPURLOCK, CEO OF THE TRAINING PROGRAM, SAYS HIS BIGGEST CHALLENGE, RECRUITING STUDENTS. STMO ARE LOW-WAGE EARNERS WHO CAN’T AFFORD THE $10,000 TUITION, OR TO TAKE TIME OFF OF THEIR CURRENT JOBS, AND NYMA D’N'T HAVE THE CREDIT TO G AET LOAN. BUT RECENTLY, THEY FOUND A SOLUTION, PARTNERING WITH SOCIAL FINANCE, A FINANCIAL NON-PROFIT, HEADQUARTERED IN BOSTON. >> THE AMERICAN DREAM DOESN'’ WORK FOR EVERYONE. IT USED TO WORK MUCH BETTER. JESSICA: THE NON-PROFIT, CO-FOUNDED BY TRACY PALANDJIAN, RAISES MONEY FROM PHILANTHROPIC FOUNDATIONS AND USES IT TO HELP PAY STUDENTS’ TUITION AT TRAINING PROGRAMS LIKE AMERICAN DIES.EL BUT IT’S NOT A DONATION, IT’S AN INVESTME.NT TRACY: THEIR PRIMARY OBJECVETI IS TO ACHIEVE IMPACT, BUT THEY ALSO SEE THE LIMITATIONS OF DONATIS.ON JESSICA: THIS IS HOW IT WORKS. AT AMERICAN DIESEL, FOR EXAME,PL GRADUATES WHO DON’T GET A JOB OR MAKE LESS THAN $30,000 A YR,EA ARE OFF THE HOOK FOR THE COST THEIR $10,000 TUITION. THOSE MAKING BETWEEN $30,000 AND $40,000, PAY BACK ABOUT 70OF% THEIR TUITION IN CAPPED, MONTHLY PA YMEN.TS EARNERS BRINGING IN $4000 OR0, MORE, PAY IT BACK IN FULL, PLUS AN ADDITIONAL $3000. THEY GET SICK OR LOSE THEIR B,JO THEY DON’T PAY. TRACY: THE INVESTORS ARE TAKING ON A HUGE RISK, THEY KNOW THEY MAY ONLY GET THE PRINCIPAL BKAC AND IF IT’S A REALLY TOUGH ECONOMY, THEY MIGHT ONLY GET 80 CENTS ON THE DOLLAR BA.CK JESSICA: SOCIAL FINANCE, RAISING ENOUGH TO PARTNER WITH A HANDFUL OF IT TRAINING PROGRAMS AS WELL, AND WILL SOON BRANCH OUT IONT SECTORS LIKE HEALTH CARE AND GREEN ENERGY, IN DESPERATE NEED OF A SKILLED WORKFOR.CE >> WE DON’T WANTOT WEAR OUT THAT O CLUTCH. JESSICA: THE ENGINE POWERINGHE T DEAL, TIM SPURLOCK SAYS, ACCOUNTABILITY. TIM: WE ALL HAVE SKIN IN THE GAME. IF WE DON’T RECRUIT QUALITY PEOPLE, GIVE THEM GOOD TRAINGIN AND PUT THEM OUT INTO INDUSTRY, INTO SUCCESSFUL JOBS, MAKING PAYMENTS, SOCIAL FINANCE WILL FIND ANOTHER PROGRAM TO INSTVE IN. JESSA:IC SINCE PARTNERING, AMERICAN DIESEL TRAINING CENRSTE HAS DOUBLED ITS ENROLLMENT, WITH 90% OF ITS GRADUATES GETTING HIRED. FOR CAM JUDY, HIS NEW CAREER, PLAYING OUT EVEN BETTER THAN HE EXPECTED. HIS WIFE AND FURNITURE, ON THE WAY TO OHIO. CAM: LOOKING TOWARD SETTLING DOWN, BUYING A HOUSE, DOING THE ADULT THINGS, THE AMERICAN DREAM STUFF. SO, WE ARE JUST EXCITED AB