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Economic Opportunity Challenge

Deadline: January 28, 2020

In the United States, many families face extensive barriers to achieve success. The Economic Opportunity Challenge aims to build a more vibrant economic ecosystem by scaling an impactful, evidence-based solution that sustainably creates economic opportunity for low-income families. It is a public competition launched with the support of Lever for Change to award $10,000,000 to the most scalable, transformative, and proven solution aimed to meaningfully expand economic opportunity for low-income individuals in the U.S.

The Economic Opportunity Challenge is looking for proven, data-driven solutions ready to serve as a model for implementation across the country. Winning solutions will utilize a powerful strategy to change lives and permanently remove key barriers to economic opportunity. Teams will demonstrate that they have the track record, experience, relationships, and resources to create lasting change, using an evidence-based approach that shows promise for delivering significant impact at a larger scale. Applications will be scored based on the following four criteria:

  • Magnitude of Impact
  • Strength of Evidence
  • Likelihood of Success
  • Potential for Scale

Amount: Up to five Finalists will be named, one of which will receive a $10,000,000 grant; remaining Finalists will each receive a $100,000 grant.

Eligibility: 501(c)(3) organizations based in the United States or its territories with operating budgets of at least $1,000,000.

Link: https://www.economicopportunitychallenge.org/

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