Government and the Impact Economy
A quiet revolution is changing the way our society seeks to create social good. A new generation of entrepreneurs, investors and nonprofit leaders is working to develop profitable and socially conscious business and investment models. By harnessing private capital for social goals, the impact economy can help service providers reach more people in need, efficiently, and cost effectively. The impact economy is a small but growing sector that seeks to put the achievement of social good at the center of business. As a convener, buyer of services or a regulator, government now also has the chance to play a crucial role in cultivating and facilitating the growth of the impact economy while using it as an opportunity to challenge conventional thinking.