This piece was originally published on the Global SIB Database by Benjamin Murphy on March, 21 2019 (updated November 9, 2019). “A SIB is a pay-for-performance [financial] instrument that incentivizes investors to take [on] the risk of a certain project achieving specified social outcomes in exchange for a potential financial…
2 CommentsTag: Social Impact Bonds
Letters of Intent to apply for recently announced U.S. Department of Treasury Social Impact Partnerships to Pay for Results Act (SIPPRA) funding are due in three weeks. This is a tremendous opportunity for state/local governments to pilot a social finance Social Impact Bond (SIB) approach for shovel-ready, evidence-based, outcomes-based social…
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