Goldman Sachs' move to buy San Francisco-based Imprint Capital has the small community of impact investment asset managers and dealmakers buzzing about who might next be asked to dance by a Wall Street suitor.
How much should we trust private corporations to solve public problems? That’s the question cash-strapped state and local governments are asking as they experiment with private partnerships to fill the funding gaps that tax dollars can’t.
The University of Utah's James Lee Sorenson Center for Global Impact Investing has been awarded a $1.15 million grant by the Corporation for National and Community Service to create a "Pay for Success
by Luke James
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Con-Dem Justice Minister Chris Grayling announced plans today to hack apart Britain's award-winning probation service and hand 70 per cent of it to private companies and charities by 2015.
He wants them to handle ex-prisoners deemed to be a low or medium risk, with firms paid based on reoffending rates.
On April 1, the Saskatchewan government announced that June Draude was appointed the legislative secretary responsible for expanding social impact bonds (SIB). I only wish this had been an April Fool's Day joke.
Unfortunately, the Wall government has decided to develop a casino approach to social programs. Instead of simply funding worthy social projects, the government will hand the financing over to private investors who will get paid back in full and with interest at the end of the project. The two investors in the first SIB in Saskatoon are set to earn five-per-cent interest on their investment - that's better than any rates the banks are offering.
The SVX is registered as a Restricted Market Dealer with the Ontario Securities Commission. No securities regulatory authority has approved or expressed an opinion about the securities offered on the SVX.
This paper shows how Social Impact Bonds (SIBs) serve to expand privatization in areas of social reproduction and care work. SIBs extend neoliberalism and austerity in the social care sector through the financialization of care work. They open these domains as a new frontier for investment markets, creating inequity for already marginalized groups. The paper concludes with an overview of the SIB landscape in Canada and explores its possibilities for growth.
Social Impact Bonds (SIBs) represent a new and particularly disruptive form of social service privatization that bears resemblance to the introduction of public private partnerships for the development of hard infrastructure. Social impact bonds pose a major risk to the preservation of valuable public services. Based on this detailed critique, unions and non-profit organizations involved in the delivery of services to people must oppose them.
Social Impact Bonds (SIBs) represent a new and particularly disruptive form of social service privatization that bears resemblance to the introduction of public private partnerships for the development of hard infrastructure. Social impact bonds pose a major risk to the preservation of valuable public services. Based on this detailed critique, unions and non-profit organizations involved in the delivery of services to people must oppose them.