Social Impact Bonds and Incarceration Reform

For a financial return, would you invest in Alabama’s prison reform? Social …
AL.com
If the state of Alabama presented a plan to reduce the rate of former inmates returning to prison, would you invest in it for a return pending the state’s success?

Source: www.al.com

Part of a larger question, which is what is the role of “social impact bonds”? Can they be effective for private investment in public projects? Why have they not been more widely adopted?

 

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