With more than 35 years in the investment industry, Myrna Rivera brings to CDVCA’s board deep experience with national capital markets and specific understanding of the Puerto Rican finance ecosystem New York, New York – August 12, 2020 – The Community Development Venture Capital Alliance (CDVCA), a community development financial institution (CDFI) and leader of…
We are pleased to announce that Community Development Venture Capital Alliance (CDVCA) has received $50 million in New Market Tax Credits (NMTC) allocation to make business investments in underserved communities. The tax credit allocation is part of the highly competitive federal NMTC program, run by the U.S. Department of Treasury’s CDFI Fund. CDVCA has a long history…
Ernesto Villarini Baquero evillarini@cdvca.org I was happy to read about Parallel 18’s latest group of startups and listen to each company pitch during their recent virtual kickoff event. Generation 8 is the accelerator’s first all Puerto Rican cohort and it surfaces as a hopeful sign amidst a sea of small businesses that have shut down…
“What is the role of Community Development Venture Capital (CDVC) in supporting entrepreneurs and small businesses and supporting a recovery that is inclusive of all communities and people.” This is a very uncertain and trying time. On a daily basis the goal posts change, impact metrics become more profound and re-opening of the economy moves…
How much does worker churn cost your business? A large and growing body of research shows that turnover is a significant expense to firms. But how do you calculate this cost, and what do you do with what you learn? Putting a dollar figure on the annual financial impact of losing and rehiring workers at your company…
The March 9 deadline is fast approaching for members of the public to submit comments to the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) regarding proposed changes to the Community Reinvestment Act (CRA) regulations. OFN has published our draft recommendations so community development financial institution (CDFI) supporters can…
The 18th Peer Group meeting has been confirmed for April 1 – 3, 2020 in San Juan Puerto Rico. This is a closed-group meeting of fund managers. Please email cdvca@cdvca.org for further information
All investors and companies create positive and negative effects on society and the environment. Impact investors seek to maximize the positive and minimize the negative by using the IRIS+ system to integrate social and environmental factors into investment decisions alongside risk and return. Credible, comparable impact data are needed to inform impact investment decisions and…
A Q&A with the GIIN’s Co-Founder and CEO, Amit Bouri Amit Bouri is the CEO and co-founder of the Global Impact Investing Network (GIIN), where he has championed the cause of impact investing over the past decade. Today, the impact investment market is sized at USD 502 billion. https://nextbillion.net/big-investors-need-change-amit-bouri/
For two years, investors and neighborhood leaders in cities around the country have responded to economic Opportunity Zones (OZs) with hope and hesitation. The policy, part of the 2017 Tax Cuts and Jobs Act, provides tax incentives for long-term investments in low-income census tracts. These incentives are meant to help disinvested neighborhoods, hungry for economic growth, attract new…