State and local governments often struggle to implement evidence-based programs because of high upfront costs, even when research shows these programs to be cost-effective in the long run. Social impact bonds (SIBs) are an innovative way of attracting private funding for program implementation by offering a financial return to investors. But can social impact bonds really be used in the US to increase evidence-based programming? In this presentation, we present some key ideas behind social impact bonds, discuss challenges in getting them off the ground, and show how ongoing Urban Institute work can be used to establish the SIB market.
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