It seems that every month, a new corporation, nonprofit, or government makes the news by embracing social impact bonds (also called Pay for Success).
At Praxia Partners, we’re always learning about the smartest and most innovative ways to finance projects that enhance sustainable community development, and social impact bonds are proving to be one of the most fascinating. The latest:
- The Center for American Progress just published a piece detailing how the Office of Management and Budget is backing Pay for Success.
- Canada has been reviewing proposals for social impact bond initiatives.
- In addition, Social Finance’s Sarah Henderson discussed how the United States and Australia are using social impact bonds.
- We’ll also keep you up-to-date on Illinois’ progress as it unfolds.