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Goldman Sachs Invests in High-Quality Preschool

July 8, 2013 /

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"For small to medium to national organizations, for events and fundraisers of any size, in any format – live, virtual or hybrid – the platform is built for scale."

Preschools and investment banks seem to be worlds apart, but this month Goldman Sachs announced that it would use a "social impact bond," to invest in high-quality early childhood programs in Utah and serve some 3,500 children.

Piloted in the United Kingdom in 2010, social impact bonds loan private money to effective public programs.

In Utah, Goldman Sachs is working with Chicago investor J.B. Pritzker and the United Way of Salt Lake to offer $7 million in loans to pay for the expansion of preschool programs that enroll at-risk children.

by Alyssa Haywoode

Full Story: http://eyeonearlyeducation.com/2013/07/08/an-investment-bank-invests-in-high-quality-preschool/

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