If we know that investing in disaster preparedness, early childhood education and preventive health actually save money, why why don’t we do it? One reason is that we don’t have the money to invest. With governments struggling to maintain basic services while meeting their obligations to retirees, there isn’t enough money, even to make profitable investments. So, how are we to pay for social programs?
One answer is what are called “Social Impact Bonds”. The premise is that, if we can capture, or monetize, those savings that we anticipate from the program, we can use some of those savings to repay investors. In other words, we can create privately financed social programs, and attract private investors by promising them repayment from the success of the program.
I want to help create such programs. For more than thirty years I have been gaining the experience and expertise to do so:
Practicing law: representing businesses, individuals, municipalities and nonprofits in business and real estate transactions and disputes.
Running a real estate development business, building and managing commercial and industrial properties.
Sitting on the boards of directors of nonprofits, most recently of the Richmond (CA) Community Foundation, which is doing a Social Impact Bond program to address housing blight.
I have a Master’s Degree in Economics from Stanford and a law degree from the University of California at Berkeley.
Contact me. I’d love to talk to you.
Download my CV.