UK’s welfare reforms applauded by SIB advocate Rep Todd Young (no relation) while those in the TriState area are cordially invited to a SIB event…
Rep Todd Young Is Envious Of The UK’s Welfare Reform
Evan Wilt – Daily Caller
Republican Rep. Todd Young said on Tuesday that he is envious of the U.K.’s successful welfare reform initiatives.
“I wish the House of Representatives could direct Health and Human Services to change their welfare policies, but we have a somewhat different form of government,” said Young at the American Enterprise Institute Tuesday.
Young commented on the welfare initiatives, known as social impact bonds/partnerships, implemented by the United Kingdom. Also present at AEI was Iain Duncan Smith, the U.K.’s longest-serving secretary of state for Work and Pensions.
Smith explained that under his leadership, social impact bonds have made a significant positive impact on the issues of poverty, welfare and homelessness in some of the poorest parts of the U.K.
In the U.K.’s system, the social impact bonds work as a pay for success system. Smith stressed that work should always pay more than being on governmental benefits.
Social Impact Bonds: Bringing Pay for Success To Rochester
Eventbrite
Center for Employment Opportunities (CEO), Grantmakers Forum of New York and the Wilson Foundation
Event Details
Moderated by: Lisa Fasolo Frishman, Executive Director of the Grantmakers Forum of NY
Panelists:
Caitlin Reimers – Director, Capital Markets at Social Finance US
Samra Haider – Executive Director, CEO National
Anisa Mendizabal – Director, CEO Rochester
Join us for an in-depth discussion of Social Impact Bonds (also known as Pay for Success projects).
Panelists will highlight New York State’s current $13 million investor-backed project, which will extend employment reentry services to a total of 2,000 formerly incarcerated individuals in New York City and Rochester over four years. Join us as we explore the partnership model, implications for service providers and lessons learned. Breakfast will begin at 9:00 a.m. followed by the panel at 9:30 a.m.