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Public-private exchanges and full-fledged markets in recidivism reduction and preventative services become ubiquitous, addressing the factors that contribute to criminal behavior (drug dependence, mental health problems, lack of financial and peer support, etc.). Open markets — where buyers include governments, foundations and offender families, and sellers include nonprofits, social enterprises, companies and other governments — are complemented by government-led solutions.

See: A solution economy for justice reform

 

Justice innovations visual

 

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Goldman Sachs invested $9.6 million in the Adolescent Behavioral Learning Experience program, a social impact bond that seeks to bring down the number of youth offenders going back to prison on Riker’s island.

Source: “Mayor Bloomberg, Deputy Mayor Gibbs And Corrections Commissioner Schriro Announce Nation’s First Social Impact Bond Program,” Goldman Sachs, http://www.goldmansachs.com/what-we-do/investing-and-lending/urban-investments/case-studies/social-impact-bond-pdf.pdf.