Michigan State in the Us Starts Social Impact Bonds - Suhit’s blog

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Sep 11, 2013 Finance, Quote

Michigan plans to enlist private investors to finance a public social program, becoming the latest state government to try an experimental “pay-for-success” approach in tackling persistent problems such as homelessness or criminal recidivism.

Michigan is the seventh state chosen through a national competition to receive technical assistance from Harvard University for a social impact bond

From Fox.

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