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Category Archives: Social Impact Bonds / Pay for Success
AFSCME, Progressive Groups Criticize Pay for Success
One of the nation’s largest public sector unions, the American Federation of State, County and Municipal Employees (AFSCME), released a report on December 9 criticizing pay-for-success and social impact bonds. The report also listed a number of smaller progressive organizations … Continue reading
Posted in Social Impact Bonds / Pay for Success
Early Pay for Success Results Prompt Debate over the Meaning of ‘Success’
An experiment in performance-based financing for government services, called pay for success, has raised questions about what should count as success after mixed results were announced at two demonstration sites in July and October. The sites — one in Rikers … Continue reading
Posted in Social Impact Bonds / Pay for Success
The Other Pay for Success: The Promise and Peril of Paying for Outcomes
Social impact bonds and pay-for-success are often viewed as synonymous. They shouldn’t be. There is another version of pay-for-success that has been around much longer, is far more widespread, and may be the future of social impact bonds. Outcomes-based funding … Continue reading
Posted in Social Impact Bonds / Pay for Success
Hatch, Bennet Introduce Social Impact Partnership Bill
Sens. Orrin Hatch (R-UT) and Michael Bennet (D-CO) yesterday introduced bipartisan legislation (S. 1089) that would establish a 10-year, $300 million federal program for state and local pay-for-success projects, also known as social impact bonds or, in the bill, as … Continue reading
Posted in Social Impact Bonds / Pay for Success
A Republican View of Evidence: An Interview with Congressman Todd Young
This is the first in a series of interviews with influential Republicans and Democrats in Congress about evidence and innovation issues. Congressman Todd Young (R-IN) is seen as a Republican leader on social welfare issues. He is the second-ranking Republican … Continue reading
Posted in Evidence, Politics, Social Impact Bonds / Pay for Success
Britain Announces Seven New Social Impact Bond Projects
After what may have been perceived as a retreat from social impact bonds last year, when its groundbreaking Peterborough project was replaced with a new program, the British government today announced seven new social impact bond projects. (Hat tip to … Continue reading
Posted in Social Impact Bonds / Pay for Success
SIF Pay-for-Success Intermediaries Announce First Cohort of Projects
The Social Innovation Fund (SIF) today announced that five of its eight pay-for-success intermediary grantees have selected a first round of 27 subgrantees to receive technical assistance funding for pay-for-success transactions. Today’s announcement covers only a fraction of the projects … Continue reading
Social Impact Bond Legislation Introduced in the House
Reps. Todd Young (R-IN) and John Delaney (D-MD) yesterday introduced legislation in the House (H.R. 1336) that would establish a $300 million federal fund for state and local initiatives that base their payments on results. “Too often, Washington focuses on … Continue reading
Posted in Social Impact Bonds / Pay for Success
House Passes Pay-for-Success Amendment to K-12 Education Bill
By voice vote, the House tonight passed an amendment authorizing the use of pay-for-success models for teacher and principal training programs. The amendment was approved as part of a larger bill (H.R. 5) that would reauthorize the Elementary and Secondary … Continue reading
Posted in Education, Social Impact Bonds / Pay for Success