With the Federal government at shutdown and a big battle looming over an extension to debt levels in a few weeks time, it is obvious SIBs must be part of the solution and the states are clearly keen to move forward before the federal government has got around to considering the issue…
Governor Quinn Pioneers Innovative Approach To Fund New Opportunities For At-Risk Youth
enewspf.com
Governor Pat Quinn today announced the next step in developing a cutting-edge partnership between Illinois, community organizations and private investors to provide better opportunities for at-risk youth. Illinois is the third state in the nation to move forward with Social Impact Bonds – a performance-driven approach to funding programs that solve pressing community challenges by investing in prevention.
The initiative is part of Governor Quinn’s agenda to foster innovation across Illinois, expand career pathways for youth and make government smarter.
Just last week, the Governor’s Office issued a Request for Proposals (RFP) from organizations seeking to partner with the state on Social Impact Bonds contracts.