Issuing Bonds to Invest in People

A project launched in the United Kingdom uses social-impact bonds to reduce recidivism among prisoners, bringing together public and private resources to implement more effective and cost efficient social programs. Their success is inspiring other countries to follow suit.

A multi-millionaire has poured money into his home suburb of Irlam, buying up empty stores, funding public art projects, and supporting the town center, sports center, health clinic, and train station. Employment is up, but this model of urban renewal raises ethical questions and may not be easily replicable.

The advancement of technology has created the capability to consider solutions never before possible. Conservation X Labs, a startup based in Washington, D.C., has committed their focused on marrying the worlds of conservation and technology, to combat mounting concerns of international poaching and deforestation. While the scaling of the technology is stagnated largely due to the expense of technology, progress has been made and devices are actively being piloted.

The government wants more farmers turning waste methane into biogas to help combat the negative effects of global climate change. California is leading the initiative, largely through a cap-and-trade program.

The Transitions Clinic Network is a program that helps to connect people who were arrested on drug charges with health-care professionals and a social support system once they are released. Originally piloted in San Francisco, this program now has over 30 affiliates throughout the country.

Turning climate solutions into opportunities for investment can help mobilize capital to address climate change. The Global Innovation Lab for Climate Finance (The Lab), part of the Climate Policy Initiative (CPI) based in San Francisco, California, promotes public-private partnerships to reduce the risk of investment in large-scale projects. Nature Based Solutions, such as the Lab’s initiative to restore mangroves in the Philippines, contributes tremendous economic value in areas like flood mitigation.

Stockton is courting philanthropists by billing itself as a budding hub of innovation for fighting poverty. The city is mitigating the risks of tapping private foundations to fund city services by identifying target policies and programs ahead of time.

Founded by Silicon Valley veterans and funders in 2007 to serve the world's poorest students and most under-resourced teachers, Bridge International Academies now operates 600 low-cost private schools in Kenya, Nigeria, Liberia, Uganda, and India. In Bridge's model, teachers read scripted lessons developed abroad directly from their tablets. While supporters say Bridge is delivering an otherwise unavailable service, at scale, and is seeing improved scores and teacher attendance, critics fear Bridge takes the human element out of learning, strips teachers of agency and fails to teach critical thinking skills.

What if a computer program could tell you who was at risk for shooting someone or being shot themselves? This is now a reality for Chicago Police Department. By piloting the use of this technology, and assembly a cohort of cops, social workers, ministers and moms to visit the names of those the computer names, the city has seen a decrease in violence over the last year.

Investment in African agriculture has wide-ranging impact because the industry provides 60 percent of employment in the continent. Injaro, founded by an investment banker, is a private equity fund that seeks to invest in African businesses. Injaro’s funds have helped to make Gold Coast Fruits one of Ghana’s largest employers and have helped revive a struggling pineapple farm. The steady investments have improved productivity as Gold Coast Fruits now produces up to 50 tons of pineapple.