Business Excellence Awards
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BOSTON – Gov. Deval L. Patrick last week announced that Massachusetts has been awarded an $11.67 million grant from the U.S. Department of Labor that will expand the state’s Social Innovation Financing juvenile-justice project by providing additional success payments tied to increases in employment and reductions in recidivism.
In January 2012, Patrick announced a plan to allow Massachusetts to enter into “pay for success” contracts designed to encourage innovative solutions to social problems, improve the performance of government and save taxpayer money. In August 2012, Patrick announced it had taken the next step toward finalizing these agreements by announcing apparent successful bidders for pay-for-success contracts to address juvenile justice and chronic homelessness.
In a news release, Patrick said the state is partnering with Roca and Third Sector Capital Partners to support youth aging out of the juvenile justice and probation systems. The contract aims to reduce recidivism and improve education and employment opportunities. •