ImpactAlpha, Aug. 18 – Entrepreneurs in Latin America are weathering the pandemic to create sales channels for small farmers, online education for students and clean, accessible energy for rural households. But early-stage companies in the region that are delivering essential social and environmental services to low-income communities are struggling to access the kind of capital, at
Conventional investors see uncompensated risk. Investors of ‘catalytic capital’ see an opportunity for outsized impact.
“We are the one region that cannot afford to leave money on the table,” says Black Belt Community Foundation's Felecia Lucky,
The national focus on racial justice has expanded to include equity in finance and investing.
Contradictory. Contemptuous. Fatally flawed. These are just a few of the adjectives they have used to describe the proposed rule. “This is the classic common enemy,” said Sinclair Capital’s Jon Lukomnik, who has written a widely endorsed letter to the Department of Labor. “Everyone is united against this.”
The recent financing of Native American Natural Foods includes a host of terms that ensure the company stays Native-owned and fosters community health, security and opportunity for the long-term.
“We want to push everyone to act now as opposed to waiting for some of those bills to pass, because we don't have time to wait,” says Raise Green’s Franz Hochstrasser.