Locavesting
Community Finance | November 19, 2020
LISC looks to “10X” investment in closing racial wealth gaps
ImpactAlpha Nov. 19 – The Local Initiatives Support Corp. wants to scale up the response to addressing persistent disparities in wealth, health and …
Community Finance | November 17, 2020
Blueprint Local and LISC are using Opportunity Zones to bridge divisions, beginning in the Southeast
As we move beyond a difficult election cycle, it is time to focus on an ambitious community investment agenda that has a meaningful …
Dealflow | November 17, 2020
Micron invests $50 million to reduce U.S. racial wealth gap
ImpactAlpha, November 17 — The Black-white wealth gap today is as wide as it was in the 1960s, published reports show. In fact, …
Dealflow | November 17, 2020
LISC taps capital markets with $150 million in “impact notes”
ImpactAlpha, Nov. 16 – The notes from Local Initiatives Support Corp. are the latest example of the public market’s appetite for debt from …
U.S. President-elect Joe Biden and Vice President-elect Kamala Harris | Photo credit: Christos S
Climate Finance | November 11, 2020
Agents of Impact on transition tailwinds for climate action, racial justice and local economic revival
ImpactAlpha invited Agents of Impact to share their “hot takes” and post-election insights into the new operating environment.
2030 Finance | November 11, 2020
North Sky Capital backs a California waste-to-fuel plant – in an Opportunity Zone
ImpactAlpha, November 11 – Sustainable infrastructure investor North Sky Capital is financing the development of a commercial-scale anaerobic digester to produce biogas from …
Photo credit: Downtown Toledo (Facebook)
Dealflow | November 9, 2020
LISC invests in the redevelopment of a Wonder Bread factory in Toledo
ImpactAlpha, November 9 – A factory in downtown Toledo, Ohio that once produced Twinkies and white bread will be converted to a mixed-used …
Dealflow | November 5, 2020
Charlotte investors commit $58 million to preserve affordable housing
ImpactAlpha, November 5 – The Housing Impact Fund, managed by Ascent Housing, has raised $58 million to acquire and preserve affordable 1,500 units …
2030 Finance | November 4, 2020
Virginia-based Micronic Technologies raises $3 million to purify water on the spot
ImpactAlpha, Nov. 4 – Virginia-based Micronic Technologies raised $3 million for its water purification technology. The Center for Innovative Technology’s CIT GAP Funds and …
2030 Finance | November 4, 2020
As politicians dither, a consumer lender bridges the chasms in the social safety net
ImpactAlpha, Nov. 4 – The expiration of federal COVID relief funding in the U.S. showed up almost immediately in the loan portfolio of …
Place-Based Investing | October 26, 2020
How place-based strategies in Virginia and other states are leveraging private capital for public good
ImpactAlpha, Oct. 26 – Virginia Community Capital has turned a $15 million seed investment from the state in 2006 into more than $600 …
Dealflow | October 26, 2020
Mastercard deposits $20 million through CNote’s network of community development financial institutions
ImpactAlpha, October 26 – Mastercard’s has made a $20 million deposit with Oakland-based CNote to boost the lending power of community development financial …
Entrepreneurship | October 20, 2020
How corporations can make good on their racial equity pledges
Netflix and Goldman Sachs are in vastly different businesses, but in formulating their responses to the racial crisis facing America, these corporations came …
Catalytic Capital | October 20, 2020
Pay-for-success funds in San Francisco and Colorado raise $10 million for nonprofits
ImpactAlpha, October 20 – Two new funds aim to streamline pay-for-success (sometimes called social impact bonds) and make it easier for nonprofits to …
Impact Voices | October 13, 2020
Opportunity Zones can deliver social impact. We just have to measure it.
As the election nears, Opportunity Zones (OZs) have been thrust into the spotlight once again, with politicians on both sides of the aisle …