"Clinton clearly articulated her belief in the importance of public-private partnerships as “one of the most important problem-solving tools.” And during her speech, she offered a prime and very specific example: Mr. J. B. Pritzker, a leading member of the world-famous business and philanthropic Pritzker family of Chicago, who had announced at the CGI conference the issuance of “Social Impact Bonds” to finance pre-school education programs for at-risk children.
"Such bonds are a new tool, sometimes called "results-based financing," that use private capital to achieve positive social outcomes, generating modest financial returns for private investors while simultaneously generating much greater returns in the form of cost savings for cash-strapped state and local governments.
"Pritzker announced at the conference a partnership with the investment bank Goldman Sachs to invest $7 million to fund the expansion of a successful pre-school program that reduces the need for special education at Granite District in Salt Lake City, Utah. Over several years, the new financing will benefit more than 3,500 children and save taxpayers millions of dollars...."
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