New York City Raised $400 Million For Social Service-Focused Public-Private Partnerships

New York City has raised more than $400 million since 2014 through three types of public-private partnerships to fund social service initiatives. The City is using the partnerships to provide a dedicated platform to seek out, design and deepen alliances across sectors, test innovative solutions and bring what works to scale. The goal is to test and evaluate new approaches, support systems change, and use private capital to enhance public spending. The three types of partnerships are:

Partnerships that Develop and Test Innovative, Evidence-Based Models: Through this model, private or philanthropic funds provide risk capital to pilot new . . .