States want to do good: Here’s how Wall St. is helping

Source: Ali Montag, CNBC, June 23, 2015

Goldman Sachs could be coming to a pre-K program near you. Or, at least, that may be the case in Pennsylvania. The state is proposing to implement social impact bonds, where private investors, like Goldman Sachs, can provide the upfront cash for legislators to address problems, like early education. … The state is nearing the end of a 30-day review period to get perspective from citizens. Wolf identified five areas of focus that the funding could go toward: Early childhood care, education, recidivism and public safety, health services, and long-term living. ….