On behalf of the people of Illinois, welcome to the state’s Pay for Success (PFS) website. PFS contracts – often referred to as Social Impact Bonds (SIBs) – are an innovative and cutting edge way to address complex social problems by partnering with private investors, who will provide the up-front financial investment needed to bring effective programs up to scale. At a time when the state is facing historic financial challenges, the program aims to provide critical resources that will help address pressing community needs while requiring no additional taxpayer dollars.
I encourage you to utilize the tools and resources on this website to learn more about Illinois' PFS initiative. I know that by working together, we can drive the Illinois economy forward by improving innovation across Illinois and making government smarter.
Governor Pat Quinn
On September 27, 2013, the Governor’s Office issued a Request for Proposal (RFP) from organizations seeking to partner with the state on Social Impact Bonds contracts. More information is available on the Illinois Procurement Bulletin in the IllinoisBID section. On October 31, 2013 and November 22, 2013, the State issued Addenda to the original RFP. Free registration with the Bulletin is required to access the full RFP and Addendum. Any and all updates to the RFP will be published there. The submission deadline for Offers was December 3, 2013.