The Rise of Social Impact Bonds | Highbrow Magazine

The Rise of Social Impact Bonds | Highbrow Magazine.

According to Social Finance, an active UK nonprofit in this space, in the first four years of operation there were 25 social impact bonds worldwide. In the United States, states such as New York, Massachusetts, Utah, Illinois and Ohio are experimenting with SIBs to address recidivism, early education and literacy, and homelessness. Currently, there is a bipartisan bill before Congress, theSocial Impact Bond Act, which proposes the establishment of a $300 million Treasury Department fund that would support state projects nationwide. And countries such as the UK, Canada and Australia are using SIBs to address similar problems.

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