In my sixth blog post as Minnesota Council on Foundations’ Executive in Residence, I reflect on the recent convening of the Twin Cities Impact Investing Ecosystem.
Eighteen months ago, independent financial advisor and Hub member Jina Penn Tracy decided to connect with other experts about aligning mission and values. She asked Danielle Steer, community manager at Impact Hub MSP, to help, and together they created the Hub Impact Investing Community of Practice. They invited active impact investing practitioners to join and the18 of us started meeting monthly chez Hub.
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!