This article, first published in Community Development Investment Review, proposes a vision of a social impact bond model that moves beyond just achieving cost-savings to spurring innovation, knowledge-building, rigorous evaluation, and, potentially, outcomes that achieve other socially desirable goals.
The 700,000 incarcerated prisoners released each year face considerable obstacles to successfully reintegrating into their communities, and many return to prison. While state and federal agencies have mounted ambitious prisoner reentry initiatives, this policy memo from our “Looking Forward” series explains that there is still much to learn about what works.
Subsidized employment programs provide jobs to people who cannot find employment in the regular labor market and use public funds to pay all or some of their wages. Part of our “Looking Forward” series, this policy memo describes how these programs may be part of the answer for the long-term unemployed in the aftermath of the Great Recession.