Project
| ID | INDIGO-POJ-0084 |
|---|---|
| Impact Bond Name - (Value) | New York State Increasing Employment and Improving Public Safety |
| Stage of Development - (Value) | Implementation |
| Dates - Date outcomes contract signed - (Value) | 2013-10 |
| Dates - Start date of service provision - (Value) | 2013-12 |
| Dates - (Source ID's) | source2,source3 |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 13500000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 13500000 |
| Purpose and classifications - Intervention - (Value) | The project will expand a comprehensive, evidence-based employment intervention for 2,000 formerly incarcerated individuals in New York City (“NYC”) and Rochester with the goals of increasing employment, reducing re-incarceration, and thus improving public safety. The intervention is composed of a set of evidence-based, comprehensive core services, including intensive life skills training for five days, immediate placement into a part-time subsidized subsidized transitional job (generally, 9 weeks of work over a period of 4 months), job placement into an unsubsidized job as participants are assessed to be job-ready; and job retention support for one year. The intervention is predicated on the belief that in order to succeed in life after prison, ex-offenders need to become attached to their communities and the job market as soon as possible after release. |
| Purpose and classifications - Policy sector - (Value) | Criminal justice |
| Purpose and classifications - (Source ID's) | source12,source1 |
| Service and beneficiaries - Target population - (Value) | Recently-released individuals under community supervision in NYC and Rochester who are at high-risk of returning to prison. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 2000 |
| Service and beneficiaries - (Source ID's) | source1 |
| Notes - (Value) | Evaluation for this project has not yet been completed. This project is the first-ever Pay for Success offering distributed via a leading wealth management platform, made available to qualified private and institutional investor clients of Merrill Lynch and U.S. Trust and other impact investors. |
| Delivery Locations 1: Location - Name - (Value) | New York City and Rochester, New York, USA |
| Delivery Locations 1: Location - Country - (Value) | US |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 40.742082 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | -73.996976 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Social Finance PFS fact sheet (2014) - p.1 accessed on 25/07/2019 at https://socialfinance.org/wp-content/uploads/PFSFactSheet_0314.pdf |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | PFS intermediary contract (October, 2013) - p.1 accessed on25/07/2017 at https://govlab.hks.harvard.edu/files/govlabs/files/nys_ceo_pfs_contract.pdf |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Governor Cuomo PFS project press release (2013) - p.1 accessed on 25/07/2019 at https://www.governor.ny.gov/news/governor-cuomo-announces-new-york-first-state-nation-launch-pay-success-project-initiative |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | GuideStar, https://www.guidestar.org |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Social Finance PFS fact sheet (2014) - p.2 accessed on 25/07/2019 at https://socialfinance.org/wp-content/uploads/PFSFactSheet_0314.pdf |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | Social Finance PFS detailed project summary (March, 2014) - p.10 |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | PFS intermediary contract (October, 2013) - p.8 accessed on25/07/2017 at https://govlab.hks.harvard.edu/files/govlabs/files/nys_ceo_pfs_contract.pdf and The Potential and Limitations of Impact Bonds, Brookings, 2015 accessed on 22/07/2019 at https://www.brookings.edu/wp-content/uploads/2015/07/impact-bondsweb.pdf |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | PFS intermediary contract (October, 2013) - p.1 accessed on25/07/2017 at https://govlab.hks.harvard.edu/files/govlabs/files/nys_ceo_pfs_contract.pdf and The Potential and Limitations of Impact Bonds, Brookings, 2015 accessed on 22/07/2019 at https://www.brookings.edu/wp-content/uploads/2015/07/impact-bondsweb.pdf |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | Governor Cuomo PFS project press release (2013) - p.2 accessed on 25/07/2019 at https://www.governor.ny.gov/news/governor-cuomo-announces-new-york-first-state-nation-launch-pay-success-project-initiative |
| Sources 10: Id | source10 |
| Sources 10: Name - (Value) | Social Finance PFS detailed project summary (March, 2014) - p.6 |
| Sources 11: Id | source11 |
| Sources 11: Name - (Value) | Social Finance PFS fact sheet (2014) - p.1 |
| Sources 12: Id | source12 |
| Sources 12: Name - (Value) | Social Finance PFS fact sheet (2014) - p.2 accessed on 25/07/2019 at https://socialfinance.org/wp-content/uploads/PFSFactSheet_0314.pdf and CNCS Office of Research and Evaluation, SIF: State of the Pay for Success Field - p. 12 - 13 accessed at https://www.nationalservice.gov/sites/default/files/documents/CNCS%20PFS%20State%20of%20the%20Field%20Document%20Final%204-17-15%20sxf.pdf |
| Sources 13: Id | source13 |
| Sources 13: Name - (Value) | Investing in What Works: "Pay for Success" in New York State Increasing Employment and improving Public Safety, detailed project summary, 2014, p. 9 - 15 accessed on 25/07/2019 at file:///Users/bsog0147/Downloads/Social_Finance_full_summary.pdf |
| Sources 14: Id | source14 |
| Sources 14: Name - (Value) | CNCS Office of Research and Evaluation, SIF: State of the Pay for Success Field, p. 14 accessed on 25/07/2019 at https://www.nationalservice.gov/sites/default/files/documents/CNCS%20PFS%20State%20of%20the%20Field%20Document%20Final%204-17-15%20sxf.pdf and Investing in What Works: "Pay for Success" in New York State Increasing Employment and improving Public Safety, detailed project summary, 2014, p. 10 accessed on 25/07/2019 at file:///Users/bsog0147/Downloads/Social_Finance_full_summary.pdf |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0937 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0944 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | $10,448,853 |
| Outcome Payment Commitments 2: Organisation ID - (Value) | INDIGO-ORG-0418 |
| Outcome Payment Commitments 2: Maximum potential Outcome payment - Amount - (Value) | $11,095,000 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0945 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0946 |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0874 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0938 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0939 |
| Intermediary services 2: Organisation Role Category - (Value) | Performance management |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0940 |
| Intermediary services 3: Organisation Role Category - (Value) | Performance management |
| Intermediary services 4: Organisation ID - (Value) | INDIGO-ORG-0856 |
| Intermediary services 5: Organisation ID - (Value) | INDIGO-ORG-0942 |
| Intermediary services 6: Organisation ID - (Value) | INDIGO-ORG-0943 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Recidivism (phase 1). Average reduction in 5-year bed days. NYS Department of Corrections and Community Supervision administrative data systems. Comparing treatment group to control group members between initial release from prison and the end of the relevant observation period. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 2000 |
| Outcome Metrics 1: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 1: Secondary SDG targets - (Value) | 10.4 |
| Outcome Metrics 1: Notes | 2000 (split in 2 cohorts) |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Recidivism (phase 2). Average reduction in 5-year bed days. NYS Department of Corrections and Community Supervision administrative data systems. Comparing treatment group to control group members between initial release from prison and the end of the relevant observation period. |
| Outcome Metrics 2: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 2: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 2: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 2: Secondary SDG targets - (Value) | 10.4 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | Employment in unsubsidized job - cohort 1. Binary indication of positive earnings in the fourth quarter following release from prison. NYSDOL quarterly unemployment insurance wage data. |
| Outcome Metrics 3: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 3: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 3: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 3: Secondary SDG targets - (Value) | 10.4 |
| Outcome Metrics 4: Id | outcomemetric4 |
| Outcome Metrics 4: Outcome Definition - (Value) | Employment in unsubsidized job - cohort 2. Binary indication of positive earnings in the fourth quarter following release from prison. NYSDOL quarterly unemployment insurance wage data. |
| Outcome Metrics 4: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 4: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 4: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 4: Secondary SDG targets - (Value) | 10.4 |
| Outcome Metrics 5: Id | outcomemetric5 |
| Outcome Metrics 5: Outcome Definition - (Value) | Engagement in transitional jobs cohort 1. Number of treatment group members who start a CEO transitional job during the relevant observation period. Proof of CEO employment intervention data. |
| Outcome Metrics 5: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 5: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 5: Primary SDG target - (Value) | 8.3 |
| Outcome Metrics 5: Secondary SDG targets - (Value) | 10.3 |
| Outcome Metrics 6: Id | outcomemetric6 |
| Outcome Metrics 6: Outcome Definition - (Value) | Engagement in transitional jobs cohort 2. Number of treatment group members who start a CEO transitional job during the relevant observation period. Proof of CEO employment intervention data. |
| Outcome Metrics 6: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 6: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 6: Primary SDG target - (Value) | 8.3 |
| Outcome Metrics 6: Secondary SDG targets - (Value) | 10.3 |
| Outcome Metrics 7: Id | outcomemetric7 |
| Outcome Metrics 7: Outcome Definition - (Value) | Engagement in low hours transitional jobs cohort 1. If average hours worked in trasntitional job is less than 111 hours. CEO intervention data. |
| Outcome Metrics 7: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 7: Primary SDG target - (Value) | 8.3 |
| Outcome Metrics 8: Id | outcomemetric8 |
| Outcome Metrics 8: Outcome Definition - (Value) | Engagement in low hours transitional jobs cohort 2. If average hours worked in transitional job is less than 111 hours. CEO intervention data. |
| Outcome Metrics 8: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 8: Primary SDG target - (Value) | 8.3 |
| Results 1: Outcome Metric Id - (Value) | outcomemetric1 |
| Results 1: Number engaged In impact bond - (Value) | 2000 (split in 2 cohorts) |
| Documents 1: Title - (Value) | PFS - Contract |
| Documents 1: URL - (Value) | https://s3.eu-west-2.amazonaws.com/golab.prod/documents/PFS_contract_HWI8kX2.pdf |