Monday begins with a review of the state of play in SIB-world.
Pay-For-Success Takes Aim At Child Services
Howard Shiffman, MA – Open Minds
Pay-for-success (PFS) campaigns using social impact (SIB) bonds for funding are becoming a little more common. Why is this? The model is quite appealing to government executives – governments get a risk-free way of funding creative social programs.
Just how much has this model grown? There are fifteen states with active SIB-financed initiatives. And, the Harvard Kennedy School SIB Lab reported in 2015 that it had received applications for assistance with SIB from 30 state and local governments
Over the past few months, we have seen the concept make national headlines.