Mark Willis Moderates Briefing on New York City’s Social Impact Bond Initiative

September 21, 2012: Research Fellow Mark Willis moderated a briefing about an innovative new private funding option for public service projects being applied in New York City. Called social impact bonds, under the program private institutions put up the capital to support new initiatives, alleviating financial pressure on governments. Applied in the US for the first time, the New York City Department of Corrections is using the new financing tool to fund a program aimed at reducing the reincarceration rate among adolescents. Gordon Berlin from MDRC, Elizabeth Gaynes of the Osborne Association, Michael Jacobson from the Vera Institute, Kristin Misner from the Deputy Mayor for Health and Human Services’ office, and Dora Schriro from the NYC Department of Correction spoke at the session entitled, “Managing the Social Impact Bond Initiative” as part of NYU Wagner and Accenture’s Supporting High Performance Government series.