$20 Million Impact Investment for Affordable Housing and Small Business in MN
ON April 19, 2017
$20 Million Impact Investment for Affordable Housing and Small Business in MN
I am thrilled to share this month’s blog post which is about a new impact investing fund that Cogent Consulting created for Minnesota Philanthropists.
Minnesota is famous for its Midwestern modesty. Despite all efforts to stay under the radar, our philanthropic community is leading the nation once again. In fact, with $18.6 billion in foundation assets, Minnesota is a powerhouse on the national impact investing scene.
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What I'm doing now
When COVID-19 and the ensuing economic disruption hit, I worried that impact investing would recede as investors sought comfort in old-style investing and social entrepreneurs kept their day jobs. Luckily, my worries were for naught: more investors are interested in doing good and doing well. More philanthropists are looking for innovative ways to address the multiple crises we face: health, economic, racial, civic, climate, and rural. Social entrepreneurs are launching and growing their ideas to address the world's problems. These leaders give me hope!
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