Relevant:
- New York tests social impact bond investing with Goldman Sachs
- New York tests social impact bond investing with Goldman Sachs | Reuters
- Chris Hedges Arrested in Front of Goldman Sachs
- Goldman Sachs, CIT Reach Deal to Cut Credit Facility
- Pimco and Goldman Sachs exit Federal Reserve mortgage bond program
2012-09-06 — reuters.com
New York tests social impact bond investing with Goldman Sachs
(Reuters) - Goldman Sachs will invest nearly $10 million in a New York City jails program, using an innovative financial instrument in which private investments fund public social services, Mayor Michael Bloomberg said on Thursday.
Goldman will create one of the nation's first "social service bonds" to help fund a New York City program that aims to lower the 50 percent recidivism rate among youthful offenders jailed at the Rikers Island correctional facility.
...
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.