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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.