Goldman Sachs

Social Services
9:48 am
Tue January 28, 2014

Washington Considers Private Investment Bonds To Address Social Problems

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AP Photo

Someday in the not-too-distant future, social service programs here in the Northwest could get funding from Wall Street.

The idea is gaining traction across the nation. Goldman Sachs already funds preschool slots in Utah and a youth intervention program in New York.

A proposal to pilot “pay-for-success” bonds in Washington got a hearing Monday before a legislative committee.

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