Harvard Helps 6 States Develop Social Impact Bonds

In the coming months, the states plan to write contracts for social service programs that taxpayers would pay for only if they prove to be successful. The initial outlays for the programs would be financed by private investors, who would reap a profit years later if the programs work as promised.
June 10, 2013
 

In the coming months, the states plan to write contracts for social service programs that taxpayers would pay for only if they prove to be successful. The initial outlays for the programs would be financed by private investors, who would reap a profit years later if the programs work as promised.

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