Social Impact Bonds

Social welfare problems in Maryland and elsewhere have remained intractable because their scale is beyond the ability of government to address alone, John Roman told the Appropriations Committee of the Maryland House of Delegates. Social impact bonds’ integration of private capital into traditionally public-sector activities is a promising mechanism for addressing these challenges. On March 6, 2013, this testimony was presented to the Maryland Senate Committee on Budget and Taxation regarding the Senate version of the social impact bond legislation.

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