Press Release: MA Selects Third Sector for First-in-the-Nation Pay for Success Contracts

Massachusetts Selects Third Sector Capital Partners
for First-in-the-Nation “Pay for Success” Contracts

Boston, MA (August 1, 2012) – The Commonwealth of Massachusetts announced today that it has selected Third Sector Capital Partners to develop its two groundbreaking Social Innovation Financing pilots, more commonly known as “Pay for Success” contracts. Massachusetts is the first state in the nation to issue a competitive process to obtain services using social innovation financing.

Third Sector will serve as lead intermediary, in partnership with New Profit Inc., for a youth recidivism initiative and as partner to the Massachusetts

Third Sector Capital Partners Advances Pay for Success in Cuyahoga County, OH READ THE PRESS RELEASE Third Sector Capital Partners held three public presentations July 9th through July 11th on advancing Pay For Success initiatives in Cuyahoga County, Ohio. The presentations advanced a strategy laid out in the Western Reserve Plan, Cuyahoga County Executive Ed FitzGerald’s vision for improving [...]