ImpactAlpha, August 28 – Indoor farming venture AppHarvest is building a 2.8 million-square-foot greenhouse in Morehead, Ky. to bring technology to sustainable agricultural production and jobs to an area with high unemployment and low incomes. Hedge fund manager Jeff Ubben, who backed AppHarvest while at ValueAct Capital Management, re-upped with his new firm, Inclusive Capital
The New Markets Tax Credits program is not serving minority-run community investors, thereby limiting their opportunities to grow and support high-impact projects in the communities they serve.
Scott, who divorced Amazon founder Jeff Bezos last year, has also supported Camelback Ventures, Capital Impact Partners, Echoing Green and Grameen America among others.
Generation Investment Management backed Guideline’s $80 million Series D round as part of a series of investments in the future of work.
The Detroit-based bank is pledging to increase lending to minority and women-owned businesses and provide $10 million in closing-cost grants to low- and moderate home buyers.
CIM has secured $10 million to help fintech lenders get small business loans flowing to underserved businesses. Its first partner is Camino Financial, which lends to undocumented Latinx micro-business owners.
The national focus on racial justice has expanded to include equity in finance and investing.