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Press Release: LISC Names Annie Donovan as New COO
The Local Initiatives Support Corporation (LISC) has named Annie Donovan, former director of the federal Community Development Financial Institutions Fund (CDFI Fund) and a national thought leader on community investing, as its new chief operating officer.
- Categories
- Investing
- Region
- North America
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Viewpoint: Opportunity Zones Should Deliver More Than Profit and Tax Breaks
Across the country, thousands of communities in or near an opportunity zone could be embarking upon one of the most profound experimental economic programs in generations. Structured correctly, opportunity zone investments can direct billions dollars in private investment toward the kind of new development, skills training and infrastructure upgrades these communities so badly need.
- Region
- North America
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Press Release: Tides Canada Launches First Customizable Donor Advised Fund to Be 100 Percent Invested for Impact
Tides Canada launches first customizable Donor Advised Fund to be 100 percent invested for impact Tides Canada’s new initiative with the Genus-SVX Impact Investment Counsel advances Impact Investing for Canadians
- Categories
- Investing
- Region
- North America
- Tags
- impact investing
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Generation Closes $1b Growth Fund Targeting Sustainable Startups
Today, Generation is announcing that it has closed a $1 billion Sustainable Solutions Fund for growth investments. As the name implies, it plans to put the $1 billion to work backing later-stage startups that work on sustainability in at least one of three areas.
- Categories
- Environment, Investing
- Region
- North America
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Rockefeller Foundation Aims to Make Tax Perk Work for Poor
The Rockefeller Foundation is set to announce Tuesday that it will hand out $5.5 million to help six U.S. cities promote “responsible” investment in areas designated as opportunity zones.
- Categories
- Investing
- Region
- North America
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Sorenson Seeds $150 Million Fund to Invest in Overlooked America
Real estate moguls, banks and money managers are rushing to capitalize on a new U.S. tax break rewarding investments in poor communities. Now, one of the biggest names in impact investing is aiming to prove the perks are about more than profits.
- Categories
- Investing
- Region
- North America
- Tags
- impact investing
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Viewpoint: Amid a Crisis of Inequality, $2 Trillion of Tax-Free Investing in Opportunity Zones Could Benefit Both Rich and Poor
More than $2 trillion in unrealized gains sit on the ledgers of investors and corporations, according to the Economic Innovation Group. Investing these funds directly in 8,700 Opportunity Zones (or 1 in 8 U.S. Census tracts) for 10 years or more would eliminate any federal taxes due on those gains – and potentially reduce poverty via job creation and income growth related to those investments.
- Categories
- Investing
- Region
- North America
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Mark Zuckerberg Wants to Build WeChat for the West
It will revolve around turning the social network’s messaging services into something akin to a Chinese mega-app
- Categories
- Technology
- Region
- North America