Washington Business Journal Women Who Mean Business 2020 | Natalie Gunn
In 2020, Capital Impact’s CFO Natalie Gunn was named to the Washington Business Journal’s 2020 list of Women Who Mean Business. This profile piece looks at Natalie’s work at Capital Impact Partners to create equitable futures for disinvested communities nationwide. Natalie stated in the article that our work is about raising the right type of capital, “so that we can then have a strong capital base to be able to provide the type of investment to the communities we serve that they actually need.”
New Lending Industry Alliance to Bolster Underserved Communities
With a focus on economic empowerment, equitable wealth creation, and connecting institutional capital to communities of color, Capital Impact’s CEO Ellis Carr describes how the organization’s new alliance with CDC Small Business Finance is working to disrupt the financial sector to deliver a breadth of products and services under a focused strategy.
$12.5 million fund aims to help spur minority real estate development in Detroit
Too often, traditional lending products did not serve borrowers of color very well due to a number of systemic inequalities that include lack of collateral, education, and networks. Capital Impact launched its Diversity in Development Detroit Loan Fund with a focus on addressing these structural issues and spurring minority real estate development in the city.
Op-Ed: CDFIs have untapped potential as game changers for minority-owned businesses
In this op-ed, Tim Ferguson, founder and chairman of Next Street, makes the case for how CDFIs can help small business entrepreneurs access the capital they need to build and expand their businesses. He cites the alliance between Capital Impact and CDC Small Business Finance as a promising example for how this can be accomplished in the coming years.
The cooperative model challenges the status quo and offers workers, especially workers of color, an alternative to longstand economic extractive systems, notes Alison Powers, Capital Impact’s Cooperative & Community Initiatives Manager. In this op-ed, she lays out the case for how co-ops remain a powerful tool to disrupt income inequality, and steward community ownership and asset building.
New model offers way to provide assisted living beyond traditional boundaries
The barriers and challenges to affordable senior living are numerous, especially for residents with low incomes. To combat this, Capital Impact is supporting a new model that enables residents living in subsidized senior and public housing to access fully licensed, affordable assisted living services traditionally delivered in stand-alone facilities.
Black-owned firm leads redevelopment of historic row homes in Hubbard Farms
Detroit natives W. Emery Matthews and Stan Edwards have long understood the corrosive impact of vacant buildings on their neighborhoods. That is why Capital Impact was proud to support the efforts of their Black-owned real estate firm to rehab an 1800s building into a new affordable housing building as part of a targeted neighborhood development plan developed with the community.
Impact investing seeks to address racial inequality
With $4 million in backing from JPMorgan Chase, Capital Impact Partners’ alliance with CDC Small Business Finance made international news, including the Financial Standard in Australia. The alliance will focus on creating equitable growth in communities of color by backing small businesses and key social services – many of which are suffering as a result of COVID-19.
Agents of Impact toppling systemic racism in finance
The movement for racial justice has cast a spotlight on systemic and anti-Black racism in finance. We are proud that Capital Impact’s president and CEO was recognized amongst other Black leaders who are “dismantling age-old excuses, biases and malpractices…that lead to inefficient allocation of capital, underfunded founders of color and unrealized solutions to community needs.”