EOED - SIPPRA Notice of Intent Posting

The Executive Office of Economic Development (EOED) is posting a Notice of Intent to accept a best value offer from Opportunity Insights Capital, LLC for Social Impact Partnerships to Pay for Results Act (SIPPRA) services, with responses due October 5, 2026 by 5:00 PM Eastern Time through COMMBUYS. This is a non-traditional procurement — EOED seeks to expand access to workforce training and improve employment and earnings outcomes for Massachusetts workers using federal SIPPRA funding of up to $11.8 million from the U.S. Department of Treasury under the FY26 Notice of Funding Opportunity (published March 10, 2026).

The proposed offeror would provide funding application development and project design, outcomes-based financing structure development, private capital acquisition, intermediary and project management services, evaluation planning using a "digital twins" methodology, and post-award implementation. The financial structure is outcomes-contingent: private investor capital finances workforce training upfront, with federal outcome payments to private investors contingent on achievement of specified program outcomes as determined by an independent evaluator. EOED will expend no Commonwealth funds; compensation to the intermediary derives from federal SIPPRA proceeds.

Respondents must demonstrate the ability to structure and manage outcomes-based financing consistent with SIPPRA and NOFO requirements, secure private capital with documented commitment amounts and investor status, complete federal application work within Treasury deadlines, and provide complete financial terms including all fees and compensation sources. EOED will determine whether to proceed with the proposed offer, accept an alternative offer providing greater value, or conduct another procurement process. Submissions must be made through COMMBUYS; no calls or emails are accepted, with all questions directed to the platform's Q&A function.