Uncle Sam as an impact investor? Government is known for funding entitlement programs not entrepreneurial ventures. But though two new incentives—Pay for Success and Opportunity Zones—the federal government is mixing public and private capital for social impact.
Sagamore co-founder Dan Coats launched this movement in the 1990s with the tax credit proposals included in his Project for American Renewal. Now we are working with his successor, Todd Young, and his former colleague Tim Scott in implementing the two new laws.
For a good overview of these strategies, please see this clip featuring House Speaker Paul Ryan describing key business solutions-to-poverty provisions contained in the new tax law.