Cuyahoga County Seal 2014 revCrain’s Cleveland Business discussed Cuyahoga County‘s Pay for Success program in “Cuyahoga County is seeking creative way to aid children” on August 17, 2014. The Center on Urban Poverty and Community Development is one of the partners in developing and evaluating the program.

The “Pay for Success” model relies on social impact financing. Private investors and foundations will fund and create new social programs; if designed to function well, they can provide quality services at less cost and investors can benefit from the savings created.

Cuyahoga, under the administration of County Executive Ed FitzGerald and County Councilman Dale Miller, hopes to establish social impact financing to find lower-cost yet innovative ways to aid families and children.  Cuyahoga has one of only three such social impact financing programs in the country.

The Poverty Center has been enlisted to help evaluate the success and outcomes of Pay for Success. According to Crain’s article, “a key to this and similar programs is developing fair and accurate ways to measure success, which, in turn, sets the rate of return on any investment.”   The Center has already conducted preliminary analyses to identify the initiative’s target population.

Read more about the Poverty Center’s involvement with Pay for Success.

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