A QUICK NOTE: In addition to our monthly newsletter, we send the ImpactPHL Investor Briefing to connect investors with local impact investment opportunities currently available. The Investor Briefing is intended for accredited investors. By continuing you acknowledge that you are an accredited investor. If you are receiving these emails and you are not an accredited investor, please let us know. Sincerely,
The Investors Circle and ImpactPHL teams RIPPLE EFFECTS: A $6.2M Investment Led to $100M+ in Wages In January 2018, local impact investors in Philadelphia made a $6.2M investment that allowed First Step Staffing to expand its proven social enterprise employment model into the Philadelphia region. Since opening, First Step Philadelphia has employed 16,556 unique individuals, including those experiencing homelessness, veterans, and individuals impacted by the criminal justice system, and paid out more than $100M in earned wages for these participants, creating a tremendous
ROI for the community and local businesses. FEATURED IN THIS ISSUE - Investment Opportunities:
- NEIF's Raise Green
Investment Certificates Pay up to 8.5% and Finance Energy Efficiency Upgrades and PA Green Bank Initiatives
- Events:
- Nov. 15th - ImpactPHL Social: PAGE Capital Celebration (Philadelphia Anchors for Growth & Equity)
- May 1st & 2nd - Save the Date for Total Impact Summit
'24
- Reading:
- Investments in Publicly Traded CDFI Banks Catalyzed by ECIP
|
FEATURED INVESTMENT OPPORTUNITY: The Opportunity: NEIF's Raise Green Investment Certificates Pay up to 8.5% and Finance Energy Efficiency Upgrades and PA Green Bank InitiativesDetails: National Energy Improvement Fund (NEIF), a Certified B-Corp and US DOE Home Improvement Expert lender partner, has launched a new offering of Class CF 2.0 Preferred Equity Investment Certificates. The funds will support its ongoing regional and national growth in providing fair and affordable financing options for essential energy efficiency improvements to home and
building owners. NEIF, founded in 2018, now operates energy efficiency lending programs in 32 states in partnership with contractors, utilities, and governments. NEIF’s Investment Certificates permit investors to earn a fixed return while supporting NEIF’s energy efficiency financing initiatives. NEIF was recently named the administrator of the new Pennsylvania Green Bank through the Pennsylvania Energy Development Authority and will continue to work closely with the Philadelphia Energy Authority and Philadelphia Green Capital Corp to further leverage state and federal funding to benefit the Philadelphia region. To learn more, review
the offering on Raise Green or contact Peter Krajsa, Co-Chair &
Founder.
Alignment with Sustainable Development Goals (SDGs):
|
TAKE ACTION Use OptImpact to explore and diligence over $600M in local investment opportunities and connect with co-investors. |
FEATURED EVENTS ImpactPHL Social: PAGE Capital Celebration (Philadelphia Anchors for Growth & Equity) November 15th, 6-7:30pm @ World Cafe Live Please join us for a casual social to connect with investors, businesses,
practitioners, and other leaders that have participated in or are interested in the work of PAGE Capital, The Hurdle Fund, and - more broadly - connecting capital for racial justice and equity in the Greater Philadelphia region. Learn more and register. Save the Date for Total Impact Summit '24May 1st & 2nd, 2024 in Philadelphia TIS24 will
provide the opportunity to educate yourself, connect with community, and - most importantly - become equipped with the resources you need to start or take the next step in aligning your investments with your values and deploying capital into place-based solutions. Our two-days will explore the five thematic areas. Learn more. |
FEATURED READING Investments in Publicly Traded CDFI Banks Catalyzed by ECIP Details: In September of 2022, the Department of Treasury provided $8.3 billion of Covid relief to CDFI and MDI
banks through a program called Emergency Capital Investment Program (“ECIP”). This program provided substantial equity-like awards ranging from $60-500 million to encourage these organizations to increase their financial services to low- and moderate-income, urban, rural, and minority communities. Some recipients are publicly traded, and these large cash infusions attracted the attention of some deep value-seeking investors. This article explains why this program presents a rare potential
opportunity to earn high financial returns while investing in entities that are making a significant impact in their communities. Read ImpactPHL Perspectives, Volume 69. |
TAKE ACTION
Read this article and previous ImpactPHL Perspectives |
THANKS TO OUR ANNUAL PARTNERS
WITH ADDITIONAL SUPPORT FROM
Laura Kind McKenna, Chris Pappo, Chrissy Kind, Peter Leone, Lopez Family Fund, Tom Balderson, and John
Moore.
Disclaimer: ImpactPHL's content is strictly for information purposes only - it is not and should not be regarded as investment advice or as an investment recommendation. Investors are encouraged to consult their own advisors and perform their own due diligence to inform the appropriate course of action. Further,
ImpactPHL features a variety of curated content, including content from partners who may provide financial and/or in-kind support to ImpactPHL's field-building activities.
|
|
|
