Summer 2016: Nourishing the Neighborhood | LA County Impact | Healthier California Fund
“This store makes me feel like we aren’t forgotten.”
For 20 years, five Iraqi brothers have brought fresh, healthy and locally produced foods to Detroit. They have even defied the odds of the city’s economic turmoil. Now, with Capital Impact’s support, they’ve once again expanded their operations, increasing their healthy investment in their neighborhood and neighbors.
Capital Impact is working with several partners to address the serious economic and social challenges that Los Angeles County’s underserved communities face. Our latest report finds that we’ve deployed over $400 million in financing to projects that increase access to quality health care and education, healthy food retailers, and various other community development projects.
We recently closed our first Healthier California Fund loan through financing Tri-City’s new Health Center in Northern California. We are the leading nonprofit health care lender in CA — and we are just getting started. Our flexible terms, below market rates and sector expertise make us the perfect partner to help build or expand your Federally Qualified Health Center.
With more than $50 million in financing across five states, hundreds of jobs created, and thousands of people served, the first half of 2016 was filled with impact. In addition, we launched new partnerships with the Ford Foundation, released key reports, and announced awards for cooperative leaders.
Capital Impact had an exciting 2015. We grew our loan portfolio by 11 percent to more than $131 million in closed loans. But our impact was truly felt by the schools and health centers that opened, the healthy food retailers who expanded, the co-ops that grew, and the older adults who were able to age with dignity in their community.
Fast Company recently published an article about how you can “use your MBA for good.” We couldn’t agree more! If the goal of your MBA – or any degree – is to build communities of equity and inclusion, join us!