With its water-scarce, desert climate, the United Arab Emirates imports 80% of its food. Greenhouse produce producer Pure Harvest is looking to launch its first growing facility for locally-grown produce early next year. A U.A.E. government innovation fund backed Pure Harvest’s seed round, along with several angel investors and technology partners, AgFunder News reports. David Scott, a
How big an opportunity is India’s transition to an “electric mobility system”? The Indian government is seeking to transition the country’s automobile stock to 100% electric by 2030. That could represent growth and savings of $330 billion, according to “Enabling the Transition to Electric Mobility in India.” The report from the Federation of Indian Chambers of Commerce
J.P. Morgan has committed $2 million to support Chicago’s small businesses. The capital is part of a planned $40 million package to drive economic growth in Chicago’s distressed South and West sides. “We all know that Chicago is a segregated city and there’s not the same access and opportunities in some neighborhoods as others,” J.P. Morgan
The U.S. economy could add a million businesses and 9.5 million jobs if minorities started and owned companies at the same rate as whites, according to the Kauffman Foundation. The entrepreneurship-focused foundation will make grants of $300,000 to each of four microlenders in Kansas City, Missouri, including AltCap, Women’s Business Center, KC Hispanic Economic Development
Good Friday evening, ImpactAlpha readers, and welcome to ImpactAlpha’s 200th daily Brief. If you love what you read here, share the Brief with a friend. This week, the world gathered in Bonn to push climate action forward, while across the U.S., impact events highlighted a growing local and inclusive economic movement. AfroTech held the largest Black
Urban areas mid-century will be full of traffic, and more than $1 trillion in opportunities for smart-transportation investments. With an estimated 2.5 billion more people in urban areas, demand for urban mobility will be 95 percent higher than it was in 2015. Global road freight is expected to more than double, especially in China and India.
As global population increases to an estimated nine billion by 2050, agricultural production needs to increase, by around 50 percent. With business-as-usual, that would represent a massive increase in global greenhouse-gas emissions, as agriculture and forestry today account for up to 30% of global greenhouse-gas emissions. With farmers already suffering droughts, flooding, and heat waves that