Podcasts Government Gov Innovator Podcast Lessons from the nations first Social Impact Bond, aimed at reducing recidivism among adolescent offenders at Rikers Island: An interview with Gordon Berlin, President, MDRC Episode #120

Lessons from the nations first Social Impact Bond, aimed at reducing recidivism among adolescent offenders at Rikers Island: An interview with Gordon Berlin, President, MDRC Episode #120

Published: April 20, 2016, 9:56 a.m.

A Social Impact Bond\xa0(SIB) uses private funds \u2013 from philanthropy or other investors \u2014 to pay for a social, educational, or health programs. Importantly,\xa0the government only repays\xa0investors, plus a return, if pre-specified results are achieved. A new report by Gordon Berlin, the president of the nonprofit social policy research firm MDRC (@MDRC_News), reflects on the [\u2026]