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 May 5, 2014, Governor Quinn announced Illinois' first Pay for Success contract will increase support for at-risk youth who are involved in both the child welfare and juvenile justice systems in Illinois, commonly known as “dually-involved” youth. More information is available in the press release and on the Illinois Procurement Bulletin.