$13 Million In Social Investment Bonds Might Pay 12.5%

Published Monday, December 30, 2013 | by Mark Hrywna

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More than $13 million raised by private and institutional investors will be used to fund a 5½-year program focused on comprehensive re-entry employment services in the world’s largest Social Investment Bond (SIB) to date.

The SIB will provide $13.5 million to expand work by the Center for Employment Opportunities (CEO) over four years in Rochester, N.Y., and New York City. If the program meets certain benchmarks for recidivism and employment, investors will be repaid, with potential returns of as much as 12 percent annually.