Governor Quinn Announces Illinois’ First Pay for Success Project Innovative Project Will Increase Support for At-Risk Youth Through Performance-Based Contracts Backed by Private Investment
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Governor Pat Quinn today announced the state’s first Pay for Success (PFS) contract will increase support for at-risk youth who are involved in both the child welfare and juvenile justice systems in Illinois. Also known as Social Impact Bonds, the first contract awarded under this innovative initiative will go to One Hope United, in partnership with the Conscience Community Network (CCN). Today’s announcement is part of Governor Quinn’s agenda to ensure that all Illinois youth have the opportunity to follow their dreams and reach their full potential.
“The innovative Pay for Success model will generate major investments and improve outcomes for some of our most at-risk youth,” Governor Quinn said. “One Hope United and CCN’s evidence-based approach will help these youth successfully transition into adulthood.”