The Scoop on Social Impact Bond
I just came from an excellent meeting with local colleagues who lead some of the best known non profits in town. We were talking about a number of things, but one topic was the emergence of social impact bonds (SIBs) as another method of financing social/health programs. Social Impact Bonds are very new and the first one occurred in Great Britain in 2010. Today, there are 14 social impact bond projects in the United Kingdom, one in Australia, and a couple or so in the United States (as of 2013). There are none yet in Canada.
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