Outcomes Rate Card Development Competition

Social Finance has announced the first round of awardees for the Outcomes Rate Card Development Competition, launching two new partnerships to advance outcomes-based contracting and financing in communities across the country. With support through funding awarded last year from the Corporation for National and Community Service’s Social Innovation Fund, Social Finance will partner with the Riverside County Executive Office and the Yale Child Study Center with Connecticut’s Office of Early Childhood to develop the nation’s first outcomes rate cards.

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Pay for Success in Career and Technical Education - Technical Assistance Competition

Social Finance and Jobs for the Future (JFF), through a $2 million grant from the U.S. Department of Education (ED) announced the sites that will participate in the largest single Pay for Success grant in the department’s history. Selected in a national competition, the awardees are: South Bay Community Services in California, NAF in New York, Mahoning County Educational Services Center in Ohio, and Pharr-San Juan-Alamo Independent School District in Texas. Pay for Success is an innovative funding model that mobilizes capital to scale high-performing programs and, through this initiative, will advance high-quality career and technical education (CTE) across the country.

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Social Innovation Fund Transaction Structuring Program

The Sorenson Impact Center and Social Finance announced Charter Oak State College in Connecticut, Lee Pesky Learning Center in Idaho, and the Workforce Investment Network in Tennessee as the awardees of a nationwide Pay for Success (PFS) competition. Awardees will work to develop PFS projects that expand high-impact social interventions to measurably improve the lives of those in need. The competition is supported through funding awarded in 2016 by the Social Innovation Fund (SIF) at the Corporation for National and Community Service (CNCS).

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