The Performance Funding Model helps drive stronger performance by measuring local workforce development boards on customized, agreed-upon goals, reflecting Florida-emphasized workforce development priorities, with aligned economic rewards for achievement. The Performance Funding Model is funded by a $3 million grant from the U.S. Department of Labor's Workforce Innovation Fund. The Model and its web application are being developed in close collaboration with the Florida Department of Economic Opportunity and the 24 CareerSource Florida local workforce development boards.
The Performance Funding Model encourages the 24 local boards to enhance services for Florida businesses, job seekers and workers. It is a commitment to rewarding annual achievement and driving systemic change to help Florida become the global leader for talent. The Model is designed to help the CareerSource Florida network identify, measure, reward and replicate success to better anticipate and address the employment and training needs of businesses, job seekers and workers statewide.
Participation in the Performance Funding Model is voluntary. Local boards that do not opt in to the Performance Funding Model will remain eligible for other state funding. Each year, local boards must opt in to continue to participate in the initiative.
Participating local boards are awarded funding for superior performance on metrics within the Performance Funding Model each fiscal year, which starts July 1 and ends June 30 of the following year. With input from the local boards and Department of Economic Opportunity, the Model's metrics and methodology are reviewed and updated on an annual basis for continuous improvement.