Business
5:30 am
Fri August 3, 2012

In N.Y.C., Private Sector To Invest In Social Issues

New York City officials are experimenting with a new way to fund social programs normally paid for with tax dollars. New York City officials say the prison intervention program could keep many of the nearly four thousand adolescent males that enter the jail system each year from returning. WNYC's Colby Hamilton reports Goldman Sachs is set to make a nearly $10 million investment in a social impact bond.