Cuyahoga County Partners with Third Sector on Pay for Success Procurement

Cuyahoga County Partners with Third Sector Capital Partners on Pay for Success Pilot Procurement READ THE PRESS RELEASE Boston, MA and Cleveland, OH (November 2, 2012) – Cuyahoga County, OH became the first County government in the United States to release a Request for Responses (RFR) for a Pay for Success pilot. Third Sector Capital [...]

Third Sector CEO and Co-Founder George Overholser participated in a webcast hosted by the Council of Development Finance Agencies and BNY Mellon that focused on the rise of social impact bonds. Overholser was joined during this webcast by Navjeet Bal from Nixon Peabody and Deborah Burand from the University of Michigan to discuss how these [...]

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

“Mass. program ties nonprofits’ pay to success”
by Dan Adams – The Boston Globe – August 1, 2012

Two groups of nonprofit social service providers have been selected by the state to tackle chronic problems with homeless people and juvenile criminals under an innovative new program that will reward the agencies if they can prove their techniques work, or pay them little or even no money if they fail.

The program, called Social Innovation Financing, operates on a simple “pay for success” model, in which nonprofits must demonstrate that by keeping youth from being reincarcerated or

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 [...]

Pay for Success: Investing in What Works George Overholser, CEO and Co-Founder of Third Sector Capital Partners, Inc. speaks about Pay For Success and Social Impact Bonds at the White House. Pay for Success: Investing in What Works was hosted by The White House Office of Social Innovation and Civic Participation, in partnership with the Nonprofit Finance Fund, [...]