Despite the growing use of public dollars for early educator financial incentives, there are few rigorous studies on whether they can reduce teacher turnover. This report summarizes findings from an evaluation of a unique financial incentive program for early educators launched in Virginia in 2019. The evaluation provides the first-ever experimental evidence on whether offering financial incentives to early educators – in this case, up to $1,500 if they continued to teach at their sites – led to reductions in turnover. We found pronounced effects on teacher turnover, particularly among child care teachers. (author abstract)