According to Mark Hlady, we are on the verge of a revolution in social service delivery. Our publically funded system does not have the resources to lead this revolution alone. Social impact bonds (SIBs) allow private sector champions to make profitable investments to enhance our community and save tax payers' money.
Social Impact Bonds work in a three step process:
1. Non-governmental investor's provide operating capital to run a new, preventive social program
2. The social program is executed and results are carefully measured
3. Government pays back investors if, and only if, results are achieved
Social impact bonds have the potential to trasform our healthcare and social sector by focusing on preventive care, rather than reactionary care, thereby building healthier communities and a sustainable economy.
Mark Hlady, the President of Finance for Good, will join us for lunch on Tuesday, May 21st to talk about the latest developments in the social impact bond market in Canada, and throughout the world. Finance for Good is the first - and only - built for purpose social impact bond intermediary in Canada. Finance for Good builds the tools, processes, and partnerships, required to use social impact bonds in Canada.