where checking accounts rebuild communities
Back to homepageInstitutional ReportsSRI Financial Professionals DirectoryToolsNewsSRI Performance and TrendsAbout Us   

October 12, 2013
Community Capital Management Commits $200 Million to Community Development
    by Robert Kropp

The fixed income investment advisory firm announces its first Clinton Global Initiative America commitment, and will invest at least $200 million over the next year to help revitalize low-income communities.

One of the programs of the Clinton Global Initiative is CGI America, an annual meeting whose focus is economic recovery and job creation in the US. This year's meeting, held in Chicago in June, resulted in a total of 74 new commitments valued at more than $1.6 billion. The positive impacts of the commitments on the lives of more than two million people include the following:

More than 10,000 jobs, including 1,500 specifically indicated as clean or green, will be created or filled.
More than $1.4 billion of new capital will be invested in or loaned to small- and medium-sized enterprises.
More than 4,500 small- or medium-sized enterprises will receive non-monetary support, such as assistance developing business plans and pro bono consulting, technical training, and access to new markets.
More than 250,000 people will have improved access to capital and financial services.
More than 212,000 students will gain access to Science Technology Engineering Mathematics (STEM) education opportunities.
More than 10,000 youth will gain access to mentoring.
More than 10,000 teachers will be trained or gain new skills.
More than $190 million of new capital will be invested in green initiatives.
More than 1.2 million tons of greenhouse gases (GHGs) will be avoided, mostly through building retrofits and energy efficiency efforts.

The previous two meetings of CGI America led to a total of 212 commitments with an estimated total value of over $13.4 billion.

Investing to Revitalize US Local Communities is one of this year's commitments, made by Community Capital Management (CCM), a sustainable fixed-income investment adviser headquartered in Florida. CCM has committed to investing up to $200 million in low- and moderate-income communities over the next year. CCM's investments will focus on affordable housing construction, small business development, affordable rental housing, healthcare, post-disaster redevelopment, distressed and underserved communities and job training.

CCM will also seek investment opportunities in environmental sustainability, healthy food access, healthy community initiatives, neighborhood transformation, transit-oriented development, and education programs.

"CCM firmly believes that abundant investable opportunities will emerge from CGI America's collaborative and inclusive process,” said David Sand, chief investment strategist of CCM. “CCM is committed to working with CDFI's and other community development intermediaries participating in the CGI America community to reach, if not, surpass its $200 million goal.”

To date, CCM has invested over $5.6 billion in community development initiatives on behalf of its clients.


| Reports | SRI Financial Professionals Directory | Tools | News | SRI Performance and Trends | About Us | Contact
© SRI World Group, Inc. - All rights reserved
Terms of use - Privacy Policy - OneReportTM Network