The Community Development Venture Capital Alliance (CDVCA) is a U.S. nonprofit network and investment intermediary that advances community development venture capital—equity investing in businesses located in low-income or economically underserved regions with the goal of generating both competitive financial returns and measurable social impact, especially quality job creation. Founded in the early 1990s, CDVCA serves as the field-building hub for this segment of impact investing: it convenes funds, banks, foundations, and public agencies; provides research, standards, and technical assistance; and manages investment vehicles that channel capital into place-based growth companies. Through i...
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