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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.
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- 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
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Kiva’s Co-Founder Is Joining This Leo DiCaprio-Backed Bank
A wave of tech-centric “neo-banks” have popped up in recent years, usually promising a smoother customer experience marked by lower fees and branch-less, online-oriented services. And some have sought to go even further—differentiating themselves from the competition via a focus on on socially and environmentally conscious values, investments and product offerings.
- Region
- North America
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T-Mobile Tries to Disrupt Banking
There are a lot of reasons people don't have a bank account. Some are wary of banks in general and others worry about making small mistakes that lead to overdraft charges. That's a problem T-Mobile is addressing with its new service.
- Categories
- Finance, Telecommunications
- Region
- North America
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Trump Backlash Creates Positive Effect on Socially Responsible Investing
The rise of climate skeptic Donald Trump to the U.S. presidency ironically has resulted in a rapid increase in interest and adoption of impact investing and other types of values-based investing.
- Categories
- Investing
- Region
- North America
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Press release: LendingClub Partners with Opportunity Fund and Funding Circle, Increasing Financial Inclusion and Small Businesses’ Access to Credit
Beginning this month, LendingClub will connect applicants looking for a small business loan on its platform to Opportunity Fund and Funding Circle. Opportunity Fund will leverage LendingClub's technology to provide an online application experience with prequalified offers to underserved small businesses before applying its established relationship-based lending model to fund and service loans. Funding Circle will apply its leading proprietary credit assessment process to fund fast and affordable loans to established, creditworthy businesses. This alliance is intended to expand efficient access to affordable credit to a broader range of small businesses.
- Categories
- Finance
- Region
- North America
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