Impact in Place: Emerging Sources of Community Investment Capital and Strategies to Direct it at Scale
Report by the u.S. impact investing Alliance commissioned by the federal reserve bank of New York on recommendations for the future of the community investing Field
The U.S. Impact Investing Alliance launched its new report, Impact in Place: Emerging Sources of Community Investment Capital and Strategies to Direct it at Scale. The report was commissioned by the Federal Reserve Bank of New York. Check out the June 3 launch event.
The report examines key trends in the community investing field, such as increased corporate engagement, the leveraging of donor advised fund capital and innovative, participatory models for community wealth building.
Impact in Place seeks to spark a conversation around the future of community investing, offering recommendations to investors and others who work to spur economic development across local Main Streets. The report also includes five case studies on corporate and nonprofit actors engaged in community investing. Read the report to learn more about how community investing can be leveraged in building a just and equitable recovery.
“Community investing is a powerful tool with the potential to transform underserved communities that for too long have been denied adequate access to economic development opportunities,” said Fran Seegull, President of the U.S. Impact Investing Alliance. “The crises of the past year have brought into sharper focus the importance of flowing capital into these communities at scale, efficiently and with deep impact.”
“As is too often the case, the COVID-19 pandemic and economic crisis have disproportionately impacted Black, Brown, Indigenous and rural communities first and worst,” said Darren Walker, President of the Ford Foundation and Chair of the U.S. Impact Investing Alliance. “As we transition to a new normal, leaders at all levels and across sectors must act swiftly to invest in communities that have been historically under-resourced to ensure real, equitable impact.”