In the United States…
Connecticut has started to explore SIBs. This week the Connecticut state government convened a panel of SIB experts, including Tracy Palandjian (Social Finance US), Jeffrey Liebman (Harvard Kennedy School) and George Overhosler (Third Sector Capital Partners). The panel spoke before service providers and government officials, including Governor Dannel P. Malloy and Mike Lawlor who oversees criminal justice initiatives (Source 1, Source 2).
New Jersey: Assemblyman Angel Fuentes had introduced legislation to create a five year program and pilot for SIBs addressing preventative healthcare initiatives. This bill will receive hearing this Thursday, December 6, 2012. (Source)
Los Angeles County had been exploring SIBs for several months now. Last week Mark Ridley-Thomas, member of the Los Angeles County Board of Supervisors, filed a formal motion to create a SIB addressing recidivism. (Source)
Bank of America hinted at potentially following Goldman Sachs and financing SIBs this week. (Source)
In England…
Essex County in England officially launched its $5 million dollar SIB to deliver Multi-Systemic Therapy to about 380 youth over five years (Source). See also my analysis of the Essex program written in February 2012.
The Social Investment and Finance team at the British Prime Minister’s Cabinet Office launched the Centre for Social Impact Bonds “to increase understanding of SIBs across government and to provide support to SIB developers.”
Over in the international development space…
Ashoka Fellow Tamzin Ractliffe wrote an interesting blog post about Nexii’s proposal for a SIB addressing “solar water heater roll-out in South Africa.”
Michael Belinsky 