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The aim of the article is to determine the way in which private social investment – psi is linked with local development, based on the comparative analysis of 37 programs of compa­nies and foundations in Colombia, within the framework of their strategies of social respon­sibility and sustainability, and two categories: dimensions of local development (economic, sociocultural, governance and environmen­tal), and characteristics of programs (location and period). The article finds that the psi is not linked integrally with local development, because it shows patrons of convergence in aspects related with economic and sociocul­tural dimensions and patrons of divergence associated with governance and the environ­ment. In addition, the psi does not have the capacity to make significant contributions to reduce territorial gaps, since it concentrates in departments and urban sectors with the best socio-economic indicators.

Inversión social privada y desarrollo local en Colombia. Estudio comparativo a partir de programas de empresas y fundaciones