Center for Employment Opportunities (NY State SIB)

Mission: To provide immediate, effective, and comprehensive employment services exclusively to individuals who have recently returned home from incarceration.

Where they work: New York State, US

Our partnership:  Our sister non-profit, the Hampshire Foundation, invested in the New York State Social Impact Bond to fund the delivery costs of the Center for Employment Opportunities (2013-2019).

Ex-offenders are often faced with multiple challenges upon release from prison, including lack of employment options, homelessness, mental illness and substance abuse. This can lead to a large number re-offending and returning to prison, at a rate of around 50% in the state of New York. In response to this, the New York State Social Impact Bond was set up to fund interventions by the NGO, the Center for Employment Opportunities (CEO), who work to get ex-offenders into stable employment and away from crime. Our funding has been used to cover CEO’s upfront delivery costs, and will be repaid by New York State if the programme achieves its impact targets.

Find out more about CEO’s work on their website.