Lessons from the nation’s first Social Impact Bond, aimed at reducing recidivism among adolescent offenders at Rikers Island: An interview with Gordon Berlin, President, MDRC – Episode #120
Andy Feldman's Gov Innovator podcast
APRIL 20, 2016
A Social Impact Bond (SIB) uses private funds – from philanthropy or other investors — to pay for a social, educational, or health programs. Importantly, the government only repays investors, plus a return, if pre-specified results are achieved. A new report by Gordon Berlin , the president of the nonprofit social policy research firm MDRC ( @MDRC_News ), reflects on the experience of SIB (also called pay for success) projects to date, including the nation’s first SIB at Rikers Island jail
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