Topics Under Category: "Ecosystem"

Program for Diverse Founders Targets Lack of Friends and Family Funding

Anne Field | October 3, 2018

Most startups fund their earliest days with money from friends and family, as well as angel investors. But what if your friends and family are not wealthy—and, in fact, are more on the struggling side of the equation? That’s the stark reality for many entrepreneurs, especially those from diverse backgrounds. The average white household has […]

transfer of wealth

Will a $9 Trillion Transfer of Wealth Benefit Communities?

Travis Green | September 15, 2018

Community foundations are an important piece of the localism movement across the United States. Although they account for just 1% of foundations in the United States, they have 10% of foundation assets, make 11% of grants, and today receive 16% of new gifts, according to the Foundation Center. They are champions of local causes, local […]

Place-based impact investing

Place-based Impact Investment is Filling Funding Gaps in Rural Arkansas

Deb Markley | July 23, 2018

Place-based impact investing is a growing focus of many foundations seeking greater impact in their communities. As more and more foundations explore place-based impact investing, it is natural for the discussions to focus on the nuts and bolts of investing: Will we commit dollars from our endowment? Will we build internal capacity, or outsource due […]

Minneapolis impact

In Minneapolis, a New Building Mixes Impact and Beer

Anne Field | June 5, 2018

A new initiative in Minneapolis is bringing the idea of mixed use development to social entrepreneurship. FINNEGANS House, a newly opened building in downtown Minneapolis that is part of a bigger development project, combines a brewery with a space for the local impact community to connect and grow. Finnegan’s House is the brainchild of Jacquie […]

Maria Gibbs and Dustin Mix by Justin Titus

A Midwest Incubator Helps Social Entrepreneurs Generate Ideas—And Put Down Roots

Anne Field | May 11, 2018

When they created their idea-generating incubator, Maria Gibbs and Dustin Mix didn’t know what to expect. But with their first class completed, the South Bend, Indiana program—itself little more than an idea a year ago— has resulted in new social ventures and founders who plan to put down roots in the Midwest city. The incubator, […]

Maine harvest credit union

A New Credit Union in Maine Will Fund Sustainable Food and Farms

Locavesting Staff | April 6, 2018

A new credit union is hoping to fill a funding gap in Maine for small scale, sustainable farming and food production. Called Maine Harvest, the credit union is in a final fundraising push to reach a $2.4 million capitalization, at which point it can apply for a charter. It is expected to open in early […]

Impact Entrepreneur

Impact Entrepreneur Adds Incubators and Friendly Funding to Ecosystem

Anne Field | March 26, 2018

Since 2011, Laurie Lane-Zucker has been building social entrepreneurship ecosystems. He founded Impact Entrepreneur, a LinkedIn group, to combat the isolation and dislocation he felt as a social entrepreneur working in the hills of Sheffield, MA, in the Berkshires. Today that group counts 17,000 members around the globe. From there, he created a consulting arm […]

BALLE fellows

New Local Economy Cohort Spotlights Rural and Indigenous Leaders

Locavesting Staff | March 20, 2018

The Business Alliance for Local Living Economies (BALLE) unveiled its latest group of Local Economy Fellows on Tuesday. The 25 new Fellows—representing BALLE’s fifth such cohort—are a diverse range of leaders tackling challenges in rural, indigenous, and second-tier urban communities across 16 American states and three Canadian provinces. The fellowships are awarded to systems entrepreneurs […]

How the New ‘Opportunity Zone’ Incentives Can Work in Your Community

Brian Beckon | February 16, 2018

Tucked into the sprawling 2017 tax law was a provision for the creation of  “Opportunity Zones” that offer investor tax incentives intended to draw long-term investment to struggling areas of the country. While not specifically designed for community capital and everyday investors, Brian Beckon of Cutting Edge Capital lays out three ways to create opportunity […]

Community Foundations Go All-In on Place-Based Investing

Sarah Trent | January 29, 2018

Two years ago, Baltimore Community Foundation was working to build race equity into its selection process for investment managers when a question was raised. “We asked, ‘Why are we not considering local impact investing that could specifically address race equity and lack of access to capital for communities that have been shut out of wealth […]