News Report | December 4, 2016
$2.4 Million Grant Awarded To Third Sector To Build Government ‘Pay For Success’ Programs
On November 15, 2016, Third Sector announced it received a $2.4 million, three-year federal grant to develop the pipeline of “Pay for Success (PFS)-ready” state and local governments. Through this project, Third Sector will create a technology-enabled ecosystem of high-quality data for service provider organizations. The goal is to help states, counties, and cities prepare to implement pay-for-success projects in which the government only pays for services that deliver pre-specified target outcomes.
The grant is from the Social Innovation Fund, a program of the federal Corporation for National and Community Service. The . . .