Social Impact Investment Bonds Catch on in Cash Strapped States

Social Impact Investment Bonds Catch on in Cash Strapped States

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change-for-good-Lostdog-dot-co-imageKim Hartke, who served 14 months in jail for stealing a car to pay for her addiction, turned her life around in part because of financing provided to a social services program from an innovative type of bond.

The bonds are part of a new trend in social investing that is gaining some favor with cash-strapped states and communities that are looking to private investors to help pay for badly needed social services programs.

It involves local governments partnering with non-for-profits and private investors in philanthropic deals that require a government only to payout if a social services group can meet a specified performance goal.

(READ the story from Reuters)

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