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One day, two new pay for success projects

While some might spend today enjoying National Almond Day, many in the pay for success (PFS) field are celebrating #nationalPFSday.
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No matter the intervention, pay for success programs are ambitious

Last month, Governing included pay for success (PFS) in a list of 2016’s top legislative issues to watch. Citing trends in the field, Governing suggests state and local governments might start choosing “less ambitious” evidence-based interventions for PFS projects over innovative programs that can be riskier for investors, but also might teach us more about what works.
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Strengthening the role of evidence in the pay for success field

Today at the Salt Lake Innovation Summit, the Urban Institute’s Pay for Success Initiative (PFSI) announced the seven jurisdictions and organizations that will be receiving up to 18 months of freetraining and technical assistance from our experts.
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Defining pay for success

Government knows what it spends, but not what it buys. This is our most important and most pressing public policy issue. We consistently and continually fail the most vulnerable and disadvantaged because we, through government, fail to prevent expensive but preventable problems.There are solutions—based not on ideology, good will, or good intentions, but rather on strong, empirical evidence. Our twenty-first century investments, as a society, need to focus on the very things that we have previously neglected, namely programs that
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The state of pay for success in 2015

As the fifth year of pay for success (PFS) in the United States comes to a close, it’s a good time to take a look at the state of the field.This year’s legislationAt the federal level, 2015 saw the passage of major legislation with PFS language, the introduction of PFS-focused bills, and continued appropriation for programs funding PFS.