The White House has invited government, business, nonprofit organizations and academics from around the country to gather at the University of Utah’s Policy Innovation Lab (Lab) to discover how Pay for Success initiatives can benefit their communities.
The Jan. 21 Western Regional Summit is one of a series of Pay for Success events hosted by the White House Office of Social Innovation and Civic Participation, in partnership with the Laura and John Arnold Foundation and Nonprofit Finance Fund.
During the conference, the newly formed Lab will issue a call for proposals from executive and agency offices within state, county, city and tribal governments in the following 10 states: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, North Dakota, South Dakota, Utah and Wyoming.
The Lab will select three to five governments in the region to receive technical support and funding in order to build capacity for implementing Pay for Success (PFS) initiatives in their jurisdictions in areas like criminal justice, education and homelessness. Pay for Success is an innovative funding mechanism that drives government resources toward social programs that deliver proven results. Private funders cover the up-front costs of the program and are repaid by the government only if the programs achieve predetermined goals (e.g., 10% reduction in recidivism). The model provides a risk-free way for state and local governments to address persistent problems since taxpayer money is directed to programs that are proven to work. In addition to supporting governments around the region, the Lab will provide in-depth technical assistance to nonprofits and rigorous, independent evaluations of specific programs in conjunction with subject matter experts around the University of Utah and beyond.
“The Policy Innovation Lab works closely with the pu