blockitecture leaderboard

Social Impact Bonds Spread in the U.S. With Help of Harvard Lab

Harvard's SIB Lab has announced the winners of a competition to receive technical assistance with developing social impact bond programs; an idea that has 'traveled from concept to execution faster than any other social innovation in recent history.'

"Six states are moving to develop so-called social impact bonds, marking a broad expansion of an experiment that taps private investors to fund capital-hungry social programs," reports Michael A. Fletcher. "Connecticut, Illinois, New York, Ohio, South Carolina and Colorado won a competition initiated by Harvard University and the Rockefeller Foundation, which will provide them technical assistance with developing bond programs."

"The concept of social impact bonds was virtually unknown until a couple of years ago. Now it is capturing the attention of government leaders eager to find ways to fund programs that they believe would reduce future expenses," says Fletcher. "Among the most popular targets are programs aimed at reducing chronic homelessness and prison recidivism and boosting early childhood education and child health."

“'Social impact bonds have traveled from concept to execution faster than any other social innovation in recent history,' said Kippy Joseph, associate director for innovation at the Rockefeller Foundation, which helps support the SIB lab at Harvard."

Full Story: Can investors make money in social services?


Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."