Pay for Success Project in Health Care, Child Welfare, Early Childhood, and Public Safety
Up to $30 million in funding is available to attract private-sector investment in New York State's "Pay for Success" program, which is part of the State's efforts to transform how government does business while serving vulnerable New Yorkers. The State is seeking partners to raise up to $30 million in private investment for innovative social service programs under this initiative.
The Pay for Success initiative will attract private funding for child welfare and early childhood, healthcare, and public safety programs. If performance standards and actual savings targets are met or exceeded, the State will repay investors for program costs as well as to provide a return on investment based on the effectiveness of the program, and the State will also benefit from future savings.
To find more information and apply for funding, click on this link: http://www.budget.ny.gov/contract/pfs/rfp_PFS.html.