- Place-based, blended finance through a racial lens. A $100 million commitment from Prudential Financial is a trifecta of impact investing trends.
- The idea is simple but execution has been hard: helping local investors invest in local entrepreneurs to revive local communities, all across the U.S. Ross Baird, the founder of Village Capital, has formed Blueprint Local to assemble the pieces for such local entrepreneurial revivals.
- The maximum opportunity, we wrote last summer, is “to flip the switch from scarcity to an abundance of capital for investments in geographies and demographics that have long been capital-starved.”
- Now that Amazon’s beauty pageant is finally over, runners-up like Birmingham, Kansas City, Baltimore and 200 other cities can move ahead on their own.
- The Cleveland-based cooperative is raising a fund to help existing businesses convert to a cooperative model, reports Next City.
- Boston has a history for challenging the status quo and inventing new ways to connect and engage communities.
- Today, the city claims global investors and community leaders modeling new ways to put finance to use for the greater good.
New Revivalists is a series from ImpactAlpha and Village Capital profiling the people, places and policies reviving entrepreneurship — and the American Dream. New Revivalist: Jessica Norwood, The Runway Project Place: Oakland, Calif. Mission: To help close the racial wealth gap with friends-and-family pre-seed capital for black entrepreneurs. Follow: www.therunwayproject.org Jessica Norwood didn’t set out to create