ImpactAlpha, Aug. 19, 2020 –– Arlington, Va.-based Capital Impact Partners, a community-development real estate lender, and CDC Small Business Finance in San Diego are teaming up to boost community financing in Los Angeles, Detroit, and the Washington, D.C. area. The three-city pilot is backed by $6 million in grants from JPMorgan Chase and the Heron
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
“It’s a great time for new entrants, but for those of us who’ve been doing this for a while it is equally urgent to raise our game right and to not get complacent,” said Margot Brandenburg of the Ford Foundation.