About Results OHIO
What is ResultsOHIO?
The ResultsOHIO fund within the Treasurer’s office enables policymakers and innovators to pursue pay for success projects aimed at tackling the most pressing social and public health challenges facing Ohio.
How does it work?
This funding mechanism allows Ohio to answer public sector problems with private sector solutions.
Passed as part of the FY 2020-2021 state operating budget, ResultsOHIO is a fund administered through the Treasurer’s office. The fund is used to assist pay for success initiatives undertaken by the state and local policymakers.
Private entities enlisted to address these challenges will bear all upfront costs of services provided the duration
of a particular project. Public dollars reserved in the funds will be used to fulfill contractually obligated reimbursements of project costs only if the initiative has proven to meet measurements for success that are agreed to prior to initiation of the project.
Performance measurements will be agreed upon prior to the start of a project and used to gauge the project’s efficacy.
How is this approach different?
ResultsOHIO protects taxpayer dollars by ensuring Ohio’s resources are spent on positive outcomes, rather than failing programs. Public dollars will only be used if a project has proven to deliver real results.
What types of challenges can be addressed through ResultsOHIO?