Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Pushing for community engagement and impact reporting in Opportunity Zone investing



ImpactAlpha, February 5 – Investors don’t need to wait for federal rules to commit to community engagement and honest appraisal of the social and environmental impact of their investments in low-income Opportunity Zones.

A new reporting framework from the U.S. Impact Investing Alliance and the Beeck Center at Georgetown University stresses key principles, including engagement with low-income and underinvested communities, equitable community benefits, and transparency and measurement around impact objectives and outcomes. Executive director Fran Seegull said that as the Alliance presses for federal standards on reporting, “this voluntary framework will help model a higher standard of practice.”

Opportunity Zone investors want impact. Let’s help them get it.

The framework was launched at Sorenson Impact Center’s Winter Innovation Summit now underway in Salt Lake City. The Center’s new “Opportunity Zones Catalyst Challenge” will use the framework to highlight cities and states, as well as fund managers and investors, that are using the tax-advantaged investments to drive social and environmental impact.

“There are skeptics that feel this is a tax break for the rich, that it’s real estate developers just coming in to do investments that are subsidized by the tax break,” Jim Sorenson told ImpactAlpha. “We really want to counter that.”

You might also like...