We often think of Public-Private Partnerships (P3s) as key tools to fund and drive development of infrastructure, like roads, buildings, airports, et al. But, an interesting trend is developing - P3s are increasingly being used to advance the goals of government social / economic / education policies.
The key behind this trend is 'partnership' - no public or private sector entity alone can deal with many of the issues we are grappling with as a society, but we all bring important capabilities to the problem, IF we work together.
More and more entities are realizing that and starting to model how P3s to support societal improvement might work. This week, I want to feature some examples and lessons. This article gives good background on a P3 that's developing adoption of electric car-sharing in Massachusetts. Let me know of additional examples you may have.
A partnership like this, between a public entity and a private company, can make sense when the private party can offer resources, expertise or productivity the public partner is lacking, said John Donahue, a public policy lecturer at Harvard University’s Kennedy School of Government. These arrangements can help advance public policy goals — such as lowering carbon emissions — as long as the two parties don’t have divergent interests