US Impact Investing Alliance, B Lab and 50 others hope proposed White House Initiative on Inclusive Economic Growth will nudge policy and coordinate approaches to health, Covid recovery, racial inequality and climate change.
The $1.9tn stimulus bill, like previous assistance packages, is good news for impact investors and social entrepreneurs. But what comes next will be crucial for them to help the new administration fulfill its pledge to build a fairer society.
PLUS: A first crowdfunded impact bond Israel and a new ‘career impact bond’ for American students; MacArthur Foundation’s catalytic capital investment; new climate fund from Aberdeen Standard and Big Issue Group, and more.
As Joe Biden takes over as US president – and takes on a daunting to-do list – the US Impact Investing Alliance’s Fran Seegull shares three ways investors can play their part in building an equitable, resilient future.
Pursuing justice and dignity, not just charity, means acknowledging complicity in systems of inequality – and backing the 'troublemakers' who will hold you to account, says boss of influential US foundation.
PLUS: New impact firm Engine No. 1 to ‘harness capitalism for positive change’; Turner Impact Capital closes $350m workforce housing fund; IIX launches $27m bond to help women rebuild livelihoods, December impact reports; and more.
PLUS: Blue Impact Fund first of its kind in UK; Germany's EIF-backed social innovation fund; Bain Capital raises $800m for second impact investing fund; Los Angeles' Everytable raises $16m in Series B round; and more.
Is the US social fracture beyond repair? The nation remains highly polarised after a hard-fought election, but there are ways of bringing Americans back together, say three leading social entrepreneurs.