Fresh Coast Capital raises $1.25 million for green municipal water management



Chicago-based Fresh Coast Capital raised the money from the Kresge Foundation to help fill the projected $105 billion funding gap between now and 2025 in U.S. water and wastewater infrastructure.

The money is for green water-management projects like rain gardens and bioswales and came as a $500,000 grant and a $750,000 program-related investment.

Fresh Coast Capital launched in 2014 out of the Morgan Stanley Sustainable Investing Challenge with a pitch for revitalizing brownfields.

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