Latest News

graphic of man holding tablet

Pandey examines innovative contracts for funding social issue initiatives

Penn State Harrisburg researcher Sheela Pandey, assistant professor of management in the School of Business Administration, is examining a new approach for funding initiatives aimed at solving challenging social issues. First launched in the United Kingdom in 2010 and in the U.S. in 2013, social impact bonds — or SIBs — are multi-party contracts between agencies seeking financial support and funders with money to lend them.
graphic of man holding tablet

Pandey examines innovative contracts for funding social issue initiatives

Social impact bonds are multi-party contracts between agencies seeking financial support and funders with money to lend them. State and local governments are signing contracts with investment houses, banks and foundations, leveraging capital from investors and expertise from service providers to do everything from helping the homeless find shelter to rehabilitating drug addicts.