While she is a woman of many skills, she lacks an important one: English. Since she arrived in the United States four years ago, she has struggled to make a living. So when she learned about a free program called English for Advancement, which pairs workplace classes with one-on-one career counseling, she gave it a try.
Purpose-driven organizations are redefining the economic rules that have guided us since World War II and offer a perspective on how to accelerate the creation of a more holistic and inclusive capitalist system.
Tracy Palandjian is chief executive of Social Finance Inc., a private nonprofit she co-founded seven years ago in Boston. Palandjian spoke recently about becoming an accidental entrepreneur, and why she leaves extreme sports to her husband and three teenage daughters.
The arrangement is the state’s third “pay-for-success” deal, and the first of Governor Charlie Baker’s administration. Pay-for-success financing is an innovative approach to paying for social-service projects that might otherwise languish amid tight state budgets.