Category: CDVCA Ventures Blog

Novogradac NMTC Working Group submits recommendations to Senate Committee

Novogradac NMTC Working Group submits recommendations to Senate Committee

In line with its efforts to address regulatory and administrative issues of the New Markets Tax Credit (NMTC) program, the Novogradac NMTC Group submitted recommendations to the Senate Finance Committee last August 2017. Among its recommendations were obtaining permanency for the NMTC program, increasing the program’s annual credit authority, and modifying the recapture rules to…

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Innovate fund Incubator Lab wins big in Worlds Largest Business Competition

Innovate fund Incubator Lab wins big in Worlds Largest Business Competition

On October 29th 2015, two Innovate fund investments were named winners of the World’s Largest Business Idea Competition, “43North“, in which $5mm is awarded to 11 businesses as $250K-$1M investments along with business support. The business support ranges from mentoring advice from seasoned professionals in related fields, free incubator space in Buffalo for a year,…

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Bridges Ventures Investment Goes Public

Bridges Ventures Investment Goes Public

On Monday November 9th, The Gym Group, a portfolio company of Bridges Ventures Sustainable Growth Fund II (Bridges II), made an initial public offering of its stock on the London Stock Exchange, at a valuation of £250million. The Gym’s shares rose to 204¼p on its first day of trading, or 5% above the 195p issuance price.

US Labor Department Releases New Guidance Note on Economically Targeted Investments for Pension Funds

US Labor Department Releases New Guidance Note on Economically Targeted Investments for Pension Funds

On October 22, 2015, the U.S. Department of Labor (DOL) issued Interpretive Bulletin 2015-01 (“IB 15-01”), which provides clarification on the conditions under which a fiduciary of a plan that is subject to the fiduciary standards of the Employee Retirement Income Security Act of 1974 (“ERISA”) may invest plan assets in economically targeted investments (“ETIs”). Put simply, the conditions required for ERISA pension funds to able to invest in ETIs.

Register Now for the Opportunity Finance Network Conference

Register Now for the Opportunity Finance Network Conference

In less than two weeks, innovative CDFI practitioners will gather for the OFN Conference. Register today for a chance to enjoy sessions such as: CDFI Public Policy Initiatives Roundtable Tuesday, November 10 White House briefings? The Office of Management and Budget? Why do these things matter when we are in the business of responsible lending?…

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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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Wharton Social Impact Initiative report on the financial performance of impact investing

Wharton Social Impact Initiative report on the financial performance of impact investing

On October 8th 2015, as members of the impact investing and social entrepreneurship field gathered for the SOCAP event Wharton Social Impact initiative used the opportunity  to launch their first-ever report on the financial performance of impact investing. The report, titled Great Expectations: Mission Preservation and Financial Performance in Impact Investing suggests that investors may not…

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GIIN Report on Scaling Community Development Investments

GIIN Report on Scaling Community Development Investments

On October 19th 2015, The Global Impact Investing Network (GIIN), released a landscape study of the US Community Impact Investment field. Titled Scaling U.S. Community Investing: The Investor-Product Interface, the report provides insight into the barriers and opportunities to increasing investment. In the United States, investments that seeks to generate financial returns while delivering social…

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BlackRock launches Social Impact fund

BlackRock launches Social Impact fund

In October of 2015, BlackRock, Inc. announced the launch of the BlackRock Social Impact fund. Led by Black Rocks Scientific Active team, the BlackRock Impact Fund consists out of equity securities in companies targeting competitive market returns and aggregate social impact outcomes. The fund arrives at a time when impact investing is gaining traction as…

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Omidyar releases report on early stage risk capital in emerging market

Omidyar releases report on early stage risk capital in emerging market

On October 7, 2015, Omidyar Network published a report named “Frontier Capital: Early Stage Investing for Financial Returns and Social Impact in Emerging Markets”. The report offers a strategic guide to how investors can achieve financial returns and social impact through early stage risk capital in emerging markets. Drawing from data analysis and interviews with…

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