Through its Michigan Good Food Fund, Capital Impact invests in high-impact food projects and provides technical assistance across the state. As Olivia Rebanal, Capital Impact’s Director of Inclusive Food Systems, notes in the article, “we prioritize our work with food cooperatives because we feel the model allows for the creation of quality jobs.” One such investment includes support for the Detroit People’s Food Co-op, an African-American business cooperative.
NMTC Giving Meals on Wheels San Francisco Room to Grow
2019
New Markets Tax Credit, a program of the U.S. Treasury’s CDFI Fund, is designed to help attract private capital to support community development efforts. This article illustrates how Capital Impact used NMTCs to facilitate the financing of a Meals on Wheels kitchen in San Francisco—even though it is one of the most expensive U.S. cities in which to build. This support will help the program provide more than two million meals to needy residents.
CDFIs are Filling Lending Gaps in Local Financial and Community Development Systems
2019
From automobile lending to small-business support to large-scale projects, Community Development Financial Institutions (CDFIs) are having a range of impact across Michigan. In this educational piece about the sector, Capital Impact’s work is recognized for helping to create density and promote economic viability in Detroit as well as other communities, including Flint.
These programs are training Detroit’s minority residents in development
October 2018
For many entry-level African-American real estate developers, getting a foot in the door can be difficult, with limited opportunities to gain experience and obtain capital. Organizations see this lack of representation as a major gap, particularly given that community perspectives and experience can shape cities to grow more inclusively. Model D looks at how two key programs, including our Equitable Development Initiative, are working to bridge that gap.
What Millions of Retiring Small Business Owners Could Mean for Cities
September 2018
Baby Boomers own the majority of small businesses, but only 17 percent of them have a formal exit plan for when they want to retire. When you consider that small businesses provide the vast majority of employment within low-income urban areas, there is a unique opportunity to benefit these communities by turning these workers into owners using the co-op model. Next City takes a deep dive into this issue based on a “co-op conversion” report recently issued by Capital Impact.
In its series on “The Future of Commercial Real Estate,” the Washington Business Journal sat down with Capital Impact’s CEO, Ellis Carr. The wide-ranging interview looks our CEO’s past, what his biggest challenges are, and uncovered the fact that he is an amateur DJ.
Home care agencies turn to older workers to fill in labor shortage
September 2018
With few financial incentives to bring in new workers, the home care industry anticipates a need for at least 13 million new in-home caregivers by 2030. The Houston Chronicle examines how utilizing the co-op model may fill that void while also benefitting older female workers, as well as immigrants and people of color.
Guest Blog: Creating age-friendly communities that support the economic, health, and social needs of older adults
June 2018
In partnership with West Health and the Build Healthy Places Network, Capital Impact’s Director for Strategic Aging Initiatives launched a series of blogs to tackle the important issue of how older adults can age in place with dignity and have access to the critical social services necessary to thrive. In this introductory piece, we illustrate how health care reform can support new opportunities to create holistic, comprehensive health care systems.
Guest Blog: How Nonprofits Can Tap Into the Impact Investment Market
April 2018
The burgeoning world of impact investing offers new hope for nonprofit organizations seeking access to capital. However, harnessing this market comes with a steep learning curve. Backed by the two years of experience it took to debut Capital Impact’s Investment Note, CFO Natalie Gunn shares lessons learned in this guest blog for the Stanford Social Innovation Review. The blog provides tools that other nonprofits can use to develop an important new revenue stream and, in turn, create more social impact.
Impact bonds are evolving and growing as investors put pressure on their financial advisors to offer more socially relevant investments notes. Our partners at InCapital were interview in this investment article and highlighted the $100 million Capital Impact Investment Note as one particular vehicle for institutional and individual investors to create social impact while potentially earning a return on that investment.
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