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Calvert Foundation and U.S. Bancorp back $20 million fund for small business lending

Calvert Foundation and U.S. Bancorp Community Development Corporation have backed a new $20 million fund for small business lending in U.S. communities. Greenline Ventures, a minority-controlled and employee-owned firm in Denver, will manage the fund. The fund leverages New Markets Tax Credits, a federal program that incentivizes business and real estate investment in low-income U.S. communities

The Holberton School raises $2.3 million to train techies

The Holberton School raised $2.3 million to train more techies. The two-year old San Francisco school helps meet demand for software engineers and programmers by training adult student for careers in tech. Holberton raised new funds from Paris venture capital firm Daphni, Reach Capital and Jerry Murdock, co-founder of Insight Venture Partners. At Holberton tuition is free

B the Change Media shutters B Magazine

B the Change Media is shuttering B Magazine. The March print edition of B Magazine will be the company’s last. The quarterly social business journal, with 7,000 subscribers, was a spinoff of B Lab, the Wayne, Pennsylvania nonprofit that issues “B Corp.” certifications of businesses’ social and environmental performance. Bryan Welch, CEO and publisher, told

Agora Partnerships stocks the pipeline of Latin American social business startups

The incoming class for Agora Partnerships’ accelerator program includes 31 companies from 12 countries in Latin America and Caribbean, including one from Haiti. Major themes include urban innovation, health access, ethical fashion, water and sanitation, clean tech, education for all and sustainable food and agriculture. This year Agora is adding training around the UN Sustainable Development

Billion-dollar firms tap talent

San Francisco-based Impact Community Capital, a $1 billion investment firm backed by leading insurers including Allstate, MetLife and State Farm made interim chief Jeff Brenner its permanent chief executive. ICC finances housing, community healthcare facilities and childcare centers in low-income communities across the U.S. Global impact investor Oikocredit, the Dutch lender to microfinance institutions worldwide with

New Summit Investments launches as impact arm of Arjuna Capital and Baldwin Brothers

New Summit Investments has launched as the impact arm of Arjuna Capital and Baldwin Brothers. The joint venture of the two wealth management firms will help clients integrate impact into their portfolios. Bill Marvel and Alex Lamb will lead the Marion, Massachusetts venture, which will “target the same risk/return characteristics as other geographically diversified strategies.”

Growing Republican support for a carbon tax

Climate Finance Former Secretary of State James A. Baker III and party elders are pushing a “conservative climate solution.” In return for a $40 per ton tax on carbon dioxide, the plan would scrap the Obama administration’s Clean Power Plan and protect fossil fuel companies against any lawsuits for damage to the environment. Baker was