Community Economic Dev / Recruitment, employment
Community Capital Management Publishes Annual Impact Report (03/21)
In a webinar, Chief Impact Investment Officer David Sand emphasizes the importance the sustainable fixed income firm places on environmental and social impacts.
New Revenues Will Pay for Sanders' Economic Plan, Economist Says (02/11)
Gerald Friedman, staff economist for the Center for Popular Economics, analyzes the Sanders economic platform and concludes that new revenue streams make the ambitious plan feasible.
Community Capital Management a Top Fund Performer in 2015 (01/23)
The fund tracker Morningstar ranks the performance of the firm's fixed income investment product among the top one percent of 309 funds in the intermediate government category.
Founder of Hope Credit Union Receives 2014 Ned Gramlich Award for Responsible Finance (10/17)
Bill Bynum, CEO of the Mississippi-based Hope Credit Union, is awarded for his efforts to advance economic opportunity in low-income communities.
Third National Climate Assessment Published (05/06)
In its new report, the US Global Change Research Program asserts that the effects of climate change have already become a present day concern, and announces the launch of a website to help Americans receive reliable scientific information.
News Briefs for March 20th (03/20)
Green Century Capital Management releases an animated fossil fuel free investing video, and Community Capital Management announces the launch of the CCM Alternative Income Fund.
Community Capital Management Commits $200 Million to Community Development (10/12)
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.
Community Investment Practitioners Urged to Diversify Approaches (08/27)
A new report published by US SIF notes barriers to increased community investment but finds that the industry is poised for expansion if practitioners can diversify products and marketing.
Community Capital Management Invests over $4 Million on Behalf of Sustainable ETF (11/21)
The Florida-based fixed income investment manager, one of the portfolio managers for the AdvisorShares Global Echo exchange-traded fund, invests in projects that promote job creation and provide housing for low- and moderate-income residents.
Three Community Development Financial Institutions Receive 2012 NEXT Awards (10/09)
Primary Care Development Corporation will receive $4.25 million to expand beyond New York State, while Clearinghouse CDFI and the Corporation for Supportive Housing each receive awards of $2 million.
A Record Amount of Dollars Awarded by CDFI Fund in 2012 (08/14)
Almost $187 million is awarded to 210 community development financial institutions that provide financial services to distressed communities that are often overlooked by mainstream financial institutions.
Finalists for 2012 Wells Fargo NEXT Awards Announced (08/01)
Three community development financial institutions are named as finalists for $8.25 million award to expand affordable housing, health care, or community facilities in distressed markets.
Community Investment Options Increase but Barriers Remain (07/04)
A report from US SIF details an increasing number of community investment options, but low awareness, perceptions of low returns and high risk, and increased regulatory scrutiny remain as barriers to a wider uptake of the practice.
Business Leaders Call for Sustainable Economic Recovery (06/16)
Members of the American Sustainable Business Council visit the White House for a summit in which they describe a market that accounts for externalities and benefits all participants.
CDFIs Rebound from Financial Crisis (06/13)
The National Community Investment Fund reports that 88 certified community development financial institutions earned a net income of $82 million in 2011, reversing a two-year decline.
Shared Interest to Reach More Low-Income South Africans (04/19)
The investment fund's Campaign for the Next Generation seeks to provide opportunities for an additional 500,000 low-income South Africans, while reforming the practice of mainstream banking.
$1 Million Grant to Automate Reporting by Community Development Financial Institutions (03/28)
The grant from Citi Foundation will help the CDFI Assessment and Ratings System automate its financial performance data collection system for community development financial institutions.
SJF Ventures Announces Initial Closing of Impact Investment Fund (03/10)
Capitalized entirely by private investment, the $75 million SJF Ventures III fund will target growth-stage cleantech companies with positive impacts on low-to-moderate income communities.
Corporate Knights Publishes Eighth Annual Ranking of Sustainable Companies (01/25)
Danish pharmaceutical firm Novo Nordisk tops the 2012 Global 100 and the United Kingdom leads countries with 16 companies on list.
CDFIs from Maine and Pennsylvania are 2011 NEXT Awardees (10/26)
Coastal Enterprises will expand its Working Partner Initiative, while The Progress Fund will expand and support replication of its Trail Town Program.
Ignoring Stalemate in Congress, States Still Embrace Energy Efficiency (10/21)
Massachusetts displaces California in the American Council for an Energy-Efficient Economy's fifth study of states' energy efficiency efforts.
Clinton Praises $10 Billion Green Infrastructure Investment (09/24)
The Investment and Training for American Infrastructure, launched by the AFL-CIO and the American Federations of Teachers, commits $10 billion in investment in energy-efficient infrastructure improvement and will train 140,000 workers.
Community Development Financial Institutions Anticipate Expanding Services (08/17)
Mark Pinsky of Opportunity Finance Network talks with SocialFunds.com about the challenges and opportunities of providing financial products and services to low-income communities over the next 15 years.
Is Corporate Social Responsibility a Distraction? (06/16)
A paper by consultants at Dalberg Global Development Advisors argue for the return of a focus on the single bottom line of corporate profitability, but calls for a long-term horizon that coincides with the interests of sustainable investors.
Book Review--Make Poverty Business: Increase Profits and Reduce Risks by Engaging with the Poor (01/09)
The co-authors provide a blueprint for on-the-ground managers of multinational corporations to create sustainable profits and reduce country risk by helping alleviate poverty.
Merrill Lynch Uses CDFI Assessment and Ratings System on $93 Million Community Investment (11/08)
While many investors use the CARS ratings as secondary information in their community investment decisions, Merrill Lynch will use it as its primary underwriting tool.
The Case for Categorizing Community Development Venture Capital as a New Asset Class (05/18)
A white paper by Pacific Community Ventures lays out the argument and identifies steps to promote growth in community development venture capital, such as standardizing social return metrics.
Digging for More than Gold: SRI Letter Asks Newmont to Address Western Shoshone Concerns (05/11)
The letter cites a recent decision by the United Nations Committee for the Elimination of Racial Discrimination to support Western Shoshone claims.
New Document Alleges Tie Between Chevron and Human Rights Abuses in Nigeria (08/12)
Identified in the discovery phase of a case proceeding at state and federal levels, the invoice and receipt indicate Chevron paid Nigerian soldiers for services on a day several villagers were allegedly killed (part one of a two-part article.)
The Power of Three: SJF Ventures Sets Precedent in Community Development Venture Capital (06/16)
SJF and its partners won all three award categories at the annual conference of the Community Development Venture Capital Alliance, which promotes economic, social, and environmental advancement.
Measuring Social Returns on Community Development Venture Capital Investment (04/21)
The Community Development Venture Capital Alliance releases the Measuring Impacts Toolkit, which attempts to quantify social returns from community investments.
Bush Budget Ghettoizes 18 Community Development Programs, Slashing Their Funds (02/16)
Community development advocates criticize the proposed budget for fiscal year 2006, as the consolidated programs will have to compete with one another for a smaller pool of funds.
CRAFund Goes Retail (08/10)
Formerly available only to institutional investors, the Community Reinvestment Act Qualified Investment Fund is now available to individuals through Charles Schwab.
Assets in CDFIs Grew Twice as Fast as Those in Commercial US Banks (07/20)
A new study of community development financial institutions highlights several key distinctions between CDFIs and mainstream financial institutions.
Community Investment Benefits Middle Income Earners in Los Angeles (06/25)
The Genesis Workforce Housing Fund develops the first institutional investor-backed project promoting home-ownership for middle-income earners in the US.
Sarona Supports Microfinance To Help Alleviate Poverty in Developing Regions (06/03)
The Sarona Global Investment Fund finances starch processing in Paraguay, a foundation supporting small enterprises in Romania, and a savings and loan cooperative in Haiti.
CRA Fund Helps Transform Environmental Liabilities Into Social Assets (02/12)
The CRA Fund supports environmental remediation of brownfield sites, helping transform them into socially beneficial projects.
US Community Investment Assets Nearly Double Over the Past Two Years (12/10)
Community development financial institution assets rise 84 percent from 2001 to 2003, making community investment the fastest growing segment of socially responsible investing.
Congress Cuts Funding for New Markets Venture Capital Program (03/05)
The New Markets Venture Capital program, which provides entrepreneurial expertise and equity capital to small businesses in low-income regions, received the Congressional ax.
Top Five Social Investing News Stories of 2002 (01/14)
The major social investing news stories of the year include significant corporate governance reforms and the success of community investment.
Community Investing Pays (10/10)
New study refutes the myth that loans to low-income borrowers carry higher risk than loans to conventional borrowers.
Conference to Consider the Business Case for SRI (07/29)
Institutional investors will discuss SRI at the Green Mountain SRI Summit, to be held in Stowe, Vermont in September.
Investment Partnership Has SRI Mandate (07/11)
The Global Environment Fund Group manages four funds and is a majority owner of a South Africa-based forestry company.
Community Investment As a Means of Competitive Advantage (08/10)
Ford Foundation report illustrates how companies are finding investment in rural and urban markets to be good business.
Louisville Community Development Bank Focuses on Inner City Neighborhoods (05/08)
Unique bank helps turn pockets of despair into pockets of hope.