Report Pathways to Economic Advancement

Pathways to Economic Advancement, Pay for Success Contract

Binder organization: Executive Office for Administration and Finance
Date published: September 16, 2016

Introduction

This Pay for Success Contract, dated June 30, 2016 (the “PFS Contract”), is entered into as of the date hereof by and between (a) THE COMMONWEALTH OF MASSACHUSETTS (the “Commonwealth”), acting by and through (i) the Executive Office for Administration and Finance (“EOAF”), (ii) the Executive Office of Labor and Workforce Development (“EOLWD”); and (iii) the Executive Office of Education (“EOE”), (b) JEWISH VOCATIONAL SERVICE (“JVS”), a Massachusetts not-for-profit corporation, (c) SOCIAL FINANCE, INC. (“SFI”), a Massachusetts non-profit corporation, and (d) MASSACHUSETTS PATHWAYS TO ECONOMIC ADVANCEMENT 2016 LLC (“SFMA”), a Delaware limited liability company and wholly-owned subsidiary of SFI. The Commonwealth, JVS, SFI and SFMA are referred to collectively herein as the “Parties.”

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