The 14 organizations selected, 11 CDFIs and three DFAs, are working to advance equitable access to capital in neighborhoods across the country, particularly those populated by people of color with low-income and low community wealth. Each one strategically aligns with one of Kresge's program areas or the American Cities Practice.
Self-Help Ventures Fund (SHVF) will use the $3 million PRI to support $15 million in investments to strengthen local food systems. The capital will finance community-owned and value-added innovators across the food supply chain, including grocers, producers, aggregators and distributors. The PRI will also support development of facilities for healthy food providers, which serve as platforms for revitalization and community development. Read more in our case study.
RT @kresgesocinv: Thanks @SDGrantmakers for today’s Place-Based Impact Investing in Action gathering. And for highlighting the work of Kre…Posted Nov 18th 9:57 AM
RT @patsmith_tfn: Not surprised. “Capital is going to flow to the lowest-risk, highest-return environment,” ... “Perhaps 95 percent of this…Posted Nov 17th 12:37 PM
Not surprised. “Capital is going to flow to the lowest-risk, highest-return environment,” ... “Perhaps 95 percent o…https://t.co/O9ykfbhH4p Posted Nov 17th 11:32 AM