Cal State Los Angeles and SUNY Stonybrook had the highest “mobility rate” in a new study by the Equality of Opportunity Project. The study of 30 million college students tracked the likelihood that a student from a lower-income family ends up in a higher-income family. Pace University in New York was the rare private school
The fourth fund of the venture arm of the nonprofit community development finance institution will look for investments of $250,000 to $750,000 that support jobs for low- to moderate-income Mainers. Coastal Enterprises Inc., CEI Ventures’ parent company, seeded the fund with $1.5 million, which helped bring in eight investors and 17 local and regional banks. CEI
Funding Circle, which has facilitated $3 billion in loans for small-and medium-businesses, raised another $100 million to build out its own platform. The San Francisco-based matchmaker says the 60,000 investors on the site lent more than $1.4 billion to small businesses in 2016, and $485 million in the fourth quarter alone, which it called “a
Ethex, set up in 2013 to make social investing accessible to average earners, has invested in 55 projects. It channels the funds into charities and social enterprises involved in initiatives such as small-scale renewable energy, microfinance, and affordable housing. Photo Credit: Petras Gagilas
Women Rising Women make up just under half of global emigrants, but may have a larger social and economic impact than men. Women remit more of their income home, and model improved gender dynamics in their home countries. Overcoming higher barriers to emigration than men may also be a marker of their potential, which suggests
Fresh from her lawsuit against her old firm, Kleiner Perkins, Pao will take a more forward-looking position with Kapor Capital’s Center for Social Impact. The venture capitalist will lead an effort to drive more women and minorities into tech, and into VC, where women make up 45 percent of the sector but only 11 percent
President-elect Trump has claimed some high-profile job wins with big companies. But the future of employment is in small businesses. Carrier, Fiat, Ford and others have all recently pledged to create or keep jobs in the U.S. “I think a lot of industries are going to be coming back,” Trump declared at his press conference.