Urban Investments: Social Impact Bond For Early Childhood EducationJune 13, 2013
Author: Andrea Phillips | Goldman Sachshttp://www.goldmansachs.com/what-we-do/investing-and-lending/urban-investments/case-studies/salt-lake-social-impact-bond.html
In this video, Andrea Phillips of the Urban Investment Group at Goldman Sachs discusses the firm’s second social impact bond, which invests in early childhood education.
On June 13, 2013, Goldman Sachs, United Way of Salt Lake and J.B. Pritzker formed a partnership to create the first-ever social impact bond designed to finance early childhood education. Together with J.B. Pritzker, Goldman Sachs is making a loan commitment of up to $7 million to fund the expansion of the Granite and Park City School Districts’ high-quality preschool program for at-risk children in Utah.
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