In N.Y.C., Private Sector To Invest In Social Issues
By: Colby Hamilton, WNYC
August 3, 2012
New York City officials are experimenting with a new way to fund social programs normally paid for with tax dollars. New York City officials say the prison intervention program could keep many of the nearly four thousand adolescent males that enter the jail system each year from returning. WNYC's Colby Hamilton reports Goldman Sachs is set to make a nearly $10 million investment in a social impact bond.
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