From helping a bakers’ dozen plus one (for luck?) of teenagers in London to meaningful Public-Private Partnerships delivering better services in New Jersey, two interesting stories to end the week.
‘A Social Investment Bond Helped Us To Get Started’
Andy Hillier – Third Sector
The youth employment charity ThinkForward used £900,000 from an SIB to provide education and work support to teenagers from 14 schools in London.
Milbank: Moving Towards Meaningful Public-Private Partnerships
Matthew Hale – NorthJersey
State Senate President Steve Sweeney and the Senate Democrats recently laid out an ambitious economic investment agenda for the state. They plan to hold a series of meetings around the state to discuss this agenda. One key focus area of the “New Jersey: Investing in You” plan is improving and presumably increasing New Jersey’s public-private partnerships.
Several cities and states around the country are experimenting with a new financial instrument called Social Impact Bonds that might change that and New Jersey should join the experiment.