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What Millions of Retiring Small Business Owners Could Mean for Cities
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.
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Home care agencies turn to older workers to fill in labor shortage
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.
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uest Blog: How Nonprofits Can Tap Into the Impact Investment Market
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 Making Bigger 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.
Arlington’s Capital Impact Partners tops $2.5B in loans to communities
Capital Impact maintained its strong momentum of investments in communities when it hit a milestone $2.5 billion in loans through the end of 2017. In an interview with the Washington Business Journal, Chief Strategy and Innovation Officer Scott Sporte illustrated that momentum by noting that the first “$1.5 billion [took] us 30 years to achieve. The last billion took us about seven.” Learn more about the past and future impact of our lending work in the article.
National CDFI Launches $100M Community Investment Note Offering
2017
In 2017, Capital Impact marked a key milestone with the launch of our $100 million Investment Note. Our CEO, Ellis Carr, sat down with NonProfit Quarterly to talk about our effort to raise “socially motivated capital” from individuals and institutional investors alike. Learn more about how this effort is supporting Capital Impact efforts to engage in the fight against the growing inequality we see across the country.
New $5 Million Program Helps Developers Rebuild Detroit
While Detroit is rebuilding, Community-rooted real estate developers have been largely absent from that effort. To ensure that the pool of developers truly reflects the city, Capital Impact launched the EDI program with an initial investment from JPMorgan Chase. This article illustrates how this program will combine capital support and training to empower real estate developers to create transformative change in the city.
Fueling Detroits Revival
In this cover story about the variety of organizations working together to fuel Detroit’s revival, Capital Impact’s senior Detroit loan officer, Melinda Clemons, spent time touring the city with Fortune Magazine to highlight projects that support inclusive growth. The article highlights the leadership of JPMorgan Chase’s $150 million effort in the city and supporting the mission-driven efforts of CDFIs like Capital Impact and Invest Detroit.
Op-Ed: Congress: Continue to Invest in America’s Struggling Cities and Towns
With the Community Development Financial Institutions Fund — a program of the U.S. Department of the Treasury — threatened by budget cuts, the leaders of the nation’s four largest CDFIs joined together to write an op-ed published in The Hill. This important call to action asks Congress to ensure that the CDFI Fund is fully funded and safeguard this critical agency to continue supporting the work of CDFIs as they help create economic prosperity for low-income communities.
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