Impact investors dedicated to strengthening local economies must change how they support local businesses—starting with redefining the problem the investors are trying to solve. It’s easy for impact investors to define success based on internal goals, such as filling the gaps between mainstream financiers, or creating a progressive “100% mission” portfolio. Instead, investors should define
“More and more women are taking control of their own wealth,” says Erika Cramer.
"To truly support Black businesses, it’s important for all of us to step back, understand the systemic challenges that Black business owners face and work together to address them" writes Tynesia Boyea-Robinson.
XX, an accelerator spun out of the crowdfunding site WeFunder, is changing things up.
IDB Lab, the Inter-American Development Bank’s early-stage impact initiative, anchored the fund with an undisclosed amount of capital.
Revenue-sharing, ‘collaborative endorsements,’ and diverse referral networks are among the strategies being explored by the first funds chosen by the Kauffman Foundation’s Capital Access Lab.
Almost two years after the capital-gains tax cut went into effect, the conclusion is inescapable: few dollars are flowing to projects promoting equitable development or in small businesses with the potential to create local wealth and jobs.