Category: Industry News

CDFI fund opens 2015 Round of New Markets Tax Credit Program

CDFI fund opens 2015 Round of New Markets Tax Credit Program

On Wednesday October 21, 2015 The CDFI fund officially opened the 2015 round of the New Markets Tax Credit Program (NMTC Program) through the release of the Notice of Allocation Availability (NOAA). The NMTC program channels private sector capital into struggling communities by providing tax credits to taxpayers who make equity investments in Community Development…

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Young firms drive job creation

Young firms drive job creation

On September 14th, the Kauffman Foundation published a report titled “The Importance of Young Firms for Economic Growth”,  showing that young and growing companies have accounted for nearly all net new job creation in the economy in the eight years of recovery since the Great Recession. These results mirror past research findings showing that these…

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Small Impact Investment Funds Outperform Conventional Funds of the Same Size

Small Impact Investment Funds Outperform Conventional Funds of the Same Size

On June 25, 2015, Cambridge Associates and the Global Impact Investing Network (GIIN) published a report titled “Introducing the Impact Investing Benchmark.” This report contains findings from the first comprehensive analysis of the financial performance of market rate private equity and venture capital impact investing funds. At launch, participants of this Impact Investing Benchmark comprised…

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Register now for FINAL CDVC Fund Training in Kansas City, MO

Register now for FINAL CDVC Fund Training in Kansas City, MO

Register now for the CDFI Fund’s Expanding CDFI Coverage in Underserved Areas Capacity Building Initiative workshop in Kansas City, MO. The first workshop in June in Baltimore was a resounding success.  This will be a great opportunity to learn about and receive training and assistance in forming and operating a Community Development Venture Capital (CDVC) fund. …

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Cambridge Associates and GIIN Launch the Impact Investing Benchmark

Cambridge Associates and GIIN Launch the Impact Investing Benchmark

Cambridge Associates, a global investment firm, in partnership with the Global Impact Investing Network, introduced a report containing findings from the first comprehensive analysis of the financial performance of market rate private equity and venture capital impact investing funds. Despite a perception that impact investing means concessionary returns, the Impact Investing Benchmark has exhibited strong…

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VCs Serve As Sources of Funding for 6.5% of Inc. Fast-Growing Firms

VCs Serve As Sources of Funding for 6.5% of Inc. Fast-Growing Firms

The Ewing Marion Kauffman Foundation shared a finding that a main source of equity financing for new firms is VCs. The finding reports that venture-backed companies have faster employee growth, greater sales, and faster sales growth. These companies also professionalize earlier, have an increased likelihood of an Initial Public Offering (IPO), and have greater post-IPO…

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Early Tesla Motors Investors Raise $400 Million Impact VC Fund

Early Tesla Motors Investors Raise $400 Million Impact VC Fund

Ira Ehrenpreis and Nancy Pfund, two early investors in Tesla Motors Inc., have raised a $400 million venture capital fund as part of San Francisco venture firm DBL Partners. DBL and its predecessor fund, J.P. Morgan Bay Area Equity Fund, invested early in companies such as Tesla and Pandora Media. DBL’s definition of social impact…

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Heron’s President Clara Miller Looks Back at 2014

Heron’s President Clara Miller Looks Back at 2014

The F.B. Heron Foundation’s President Clara Miller discusses the Foundation’s evolution and common myths we see in the social sector. Myth #1: The social sector can solve the large-scale, systemic, and urgent problems that society faces. Myth #2: Investors, and the money that they provide to enterprises, are the prime agents of social impact. Myth…

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Global Finance Impact Investing Q&A with Prudential Financial

Global Finance Impact Investing Q&A with Prudential Financial

Global Finance sat down with Ommeed Sathe, vice president and head of impact investing at Newark, New Jersey-based insurer Prudential Financial, to discuss how corporate social responsibility and profitable investing can go hand in hand. Sathe discussed his strategy and organization, the distinction between socially responsible investing and impact investing, and financial returns. Read more.

From the Peace Corp to Impact Investing: Jennifer Pryce

From the Peace Corp to Impact Investing: Jennifer Pryce

Former Peace Corp volunteer turned investment banker, Jennifer Pryce, who is now democratizing and innovating the impact investing space, launched Vested.org last year, so anyone with $20 and an internet connection can be an impact investor. Calvert Foundation pools the money to provide low-cost loans, in turn helping a daycare center owner in Illinois expand her business, an…

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