Jay-Z and Kapor Capital join $3 million financing of “de-carceration” startup Promise

  • Promise... works with defendants to be sure they appear at court dates, undergo drug testing and treatments, get to classes and meet other obligations.
  • Reduces costs...The firm charges towns and counties as little as $17 per person per day, compared to $85 or more per day for jail time...

Tree-free pulp mill secures $184 million in financing

Columbia Pulp has raised capital to finance a 290,000-square-foot mill to convert straw and other agricultural waste into paper and other products. The mill is expected to prevent 18,000 tons of greenhouse gases and particulate matter emissions annually, and create more than 80 jobs in Washington state’s rural Columbia County, which lost jobs when a

States have identified their Opportunity Zones. Now what?

Wednesday’s deadline for identifying such zones under a provision of last year’s Tax Cuts and Jobs Act forced tough choices. States were able to choose no more than one-quarter of their low-income neighborhoods for investments that will let investors defer and reduce capital gains taxes. An even tougher challenge is ensuring local residents aren’t displaced by

The Brief’s Big Ten: Perils and promise of impact investing

Greetings, ImpactAlpha readers! #Featured: The Brief’s Big Ten 1. The continuing fallout from the dispute over the Abraaj Group’s finances. It started with questions from investors, including the Gates Foundation, about accounting in the Dubai-based firm’s $1 billion Growth Markets Health Fund. Now, the controversy has engulfed the $13 billion firm and the fallout continues. Among