Subscribe to leading news on impact investing. The $3 million Restaurant Revitalization Program is offering grants to 100 family-run restaurants that commit to boosting worker wages.
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Gig-worker platform Steady secures $15 million to expand pandemic support
Among Steady’s two million members, the pandemic has hit Black members hardest, said Steady CEO Adam Roseman. “We are focused on delivering immediate and measurable economic value to our members during these unbelievably traumatic times.”
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Worker-owned Obran Cooperative acquires Appalachian Field Services
ImpactAlpha, June 15 – Obran is a holding company owned by the workers of two Baltimore-based staffing agencies: CORE Staffing, a temporary job-placement company launched and owned by formerly incarcerated individuals, and Tribe Works, which is focused on digital creative services. Obran’s goal is to “create a very big holding company” that fuels profits back
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Stakeholders stake new claims on corporate cash to finance an inclusive recovery
U.S. non-financial corporations still are sitting on over $4 trillion in cash. How they deploy it before, during and after the pandemic is becoming both a political and management issue that could shape the economy for decades.
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Beyond Buybacks: 10 ways to put corporate cash to work
Forget buybacks. Companies looking to build a business environment of shared prosperity have a range of options.
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Climate makes a comeback in coronavirus recovery plans (just don’t call it climate action)
ImpactAlpha, May 14 – The science was undermined. The economics were ignored. But the case for jobs and livelihoods in the wake of the COVID crash may finally succeed in driving decisive action on climate change. Even in the first few months of the Great Pandemic, climate politics have already gone through several spin cycles.
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How community banks and local lenders are bridging racial gaps in COVID recovery
“Big banks don’t do well in providing capital in underserved communities” that are disproportionately affected by the health and economic ravages of the coronavirus, says Southern Bancorp's Darrin Williams. “I’m pushing for communities of color, rural communities, markets without Internet access.”
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