An upbeat view from NJ and an invitation to a seminar in Maine…
Interesting news. Greetings from Warsaw where I am helping with the StartupBootCamp FinTech #FastTrack day…alas no SIB projects…
Social Investment Bonds – Something That Everyone Can Profit From
Albert B. Kelly – NJ
In a time of start-up companies, crowd funding, environmental or “green bonds,” sustainable investment, etc. we might want to consider adding Social Investment Bonds or SIBs to the mix as well. I don’t know that SIBs have worked to their fullest potential, but as we wrestle over entitlement spending and safety net programs, why not try?
The basic concept has investors providing capital upfront to a nonprofit or program whose primary mission is to reduce or solve a particular societal problem (i.e. homelessness, crime, drug abuse, joblessness, etc.) among a set group or in an area. If successful, investors would receive a future payment from the government with interest.
The idea is that everyone benefits. Agencies tackling certain ills in society get the resources they need, the government spends less in response to intractable problems, investors realize a decent return on their investment, and those on the fringes get a shot at turning their lives around.
Using Social Impact Bonds To Advance Public Health Goals
Maine Public Health Association
Social impact bonds are being looked at more and more as a way to finance public health initiatives. These new and flexible tools are spurring innovations in public health programs. With each new innovation more is learned about the potential and limitation of these new tools, and what legal tools could be used to promote the development and use of social impact bonds to advance public health objectives.
This webinar will describe the structure and function of the social impact bond model and summarize new innovations that use the model to fund various public health initiatives, including asthma and early childhood development. Speakers will also outline some of the limitations of the social impact bond model, explore recent state and federal legislative efforts to address them and provide perspectives of social impact bond implementers and investors.
WHEN: May 28, 2015 @ 1:00 pm – 2:30 pm
WHERE: webinar
COST: Free
Register HERE.