Nevada Received Technical Assistance to Support Innovative Strategies to Improve Early Childhood Education


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Judy Osgood
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Carson City, NV - March 11, 2015

Immediate Release

Carson City, Nevada – Nevada has been selected to receive technical assistance to assess the feasibility of implementing Pay for Success (PFS) projects in early childhood and youth development in the state. Nevada is one of seven awardees to receive assistance through a PFS grant program funded by the Corporation for National and Community Service’s Social Innovation Fund. Third Sector Capital Partners, Inc., a grantee of the SIF’s Pay for Success program, announced the selection of Nevada today after a highly selective national competition.

Pay for Success is an innovative funding model that enables government to draw in greater resources to tackle social problems by tapping private investments for the upfront costs of the programs. If the program is successful in delivering services that measurably improve the lives of people it is meant to serve, then government repays those who made the original investment. If the program does not achieve its target results, government does not repay those who made the original investment. This ensures that taxpayer dollars are being spent only on programs that actually work.

The Nevada Department of Education will partner with Clark County and Las Vegas to explore the use of PFS in creating innovative strategies to improve outcomes in early childhood education. With assistance from the Harvard Kennedy School Social Impact Bond Technical Assistance Lab and Third Sector, the three jurisdictions will engage in a feasibility study that will explore how an early childhood education PFS project can increase outcomes such as kindergarten readiness and third grade literacy as well as reduce public school special education and remedial education expenditures. The PFS project will target Southern Nevada and will be a part of Nevada’s ongoing efforts to improve early childhood education opportunities state-wide.

“Early learning is a top priority for my administration and for the future success of Nevada’s children,” said Governor Brian Sandoval. “As we search for new and innovative service models and funding sources, technical assistance from the Harvard Kennedy School and Third Sector Capital Partners will be of tremendous benefit.  Nevada is honored to be a part of the Corporation for National and Community Service project.”

About Third Sector Capital Partners, Inc.

Third Sector is a 501(c)3 nonprofit whose mission is to accelerate America’s transition to a performance-driven social sector. Third Sector is making Pay for Success a reality in the United States. Third Sector leads governments, high-performing nonprofits, and funders in building collaborative initiatives that re-write the book on how governments contract social services, by funding programs that work, saving taxpayer dollars, and measurably improving the lives of people most in need. Third Sector is a recipient of the Corporation for National and Community Service’s Social Innovation Fund. Learn more at nationalservice.gov/sif.   

About the Corporation for National and Community Service

The Corporation for National and Community Service is a federal agency that engages more than five million Americans in service through its AmeriCorps, Senior Corps, Social Innovation Fund, and Volunteer Generation Fund programs, and leads the President's national call to service initiative, United We Serve. For more information, visit NationalService.gov. 

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