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Public-Private Partnerships Can Lead to More Local Ownership

Puerto Rico is a case in point

As a rule, partnerships seek to bring different actors together to achieve shared goals. Public-private partnerships are no different: the idea is that when the government, nonprofits, and the private sector target their resources in complementary ways, everyone benefits. But the most successful public-private partnerships go beyond these basics. They capitalize on what makes a place unique. And that’s what brings us to Puerto Rico. Though Puerto Rico has a relatively long history of public-private partnerships, few have hit this sweet spot. As described in an earlier article in this series, the federal tax breaks for manufacturing plants from the…
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Meg Massey is a writer and strategist committed to democratizing impact investment. She is the co-author of the 2021 book Letting Go: How Philanthropists and Impact Investors Can Do More Good By Giving Up Control. Her writing has also appeared in Impact Alpha, Nonprofit Quarterly, and Chronicle of Philanthropy.

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