Impact Bond: Social Impact Bond Project in Saijo city
Stage of development: Complete
Policy sector: Employment and training
Intervention: Plus Social Investment, in cooperation with Saijo City, receives applications from companies in the city for the Regional Industrial Competitiveness Enhancement Subsidy System. Companies in the city that apply for the program need to undergo the first and second screening by the selection committee established by Plus Social Investment, and if they are selected, they can start their businesses. After the completion of the projects, the companies need to submit performance reports to the selection committee and report on the status of achievement. The selection committee reviews the degree of achievement of each adopted project based on those reports.
Date outcomes contract signed: 2018-04
Start of service provision: 2018-04
Anticipated completion date: 2021-02
Maximum potential outcome payment: 1500000 JPY
Maximum potential outcome payment (USD): 13584.49556239812
Finance notes: [First Period] 1,000,000 per business for developing products using local speciality. 500,000 per business for businesses supporting local regeneration [Second Period]500,000 per business for businesses supporting local regeneration 
Target population: Companies and Nonprofit organisations.
Targeted unit type: Other