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  • Impact Ready: Preparing for Sustainable Investment

    Wednesday, December 11, 10:45 am - 11:15 am
    West Hall A – Area A
    Learning Lounges
    Track 2: Financing Options, Real Estate, & Economic Development
    Is your community “Impact Ready” to bring on sustainably responsible financing options? In the U.S., foundations and socially responsible investors are only now realizing the potential for sustainable capital investments into traditional development finance structures like brownfields. For instance, in 2017 the Kresge Foundation made two significant investments in traditional development finance programs. The first, a $5 million loan to the Greater Cincinnati Redevelopment Authority, focuses on targeted, holistic redevelopment of the city’s most impoverished neighborhoods. This fund will allow for organic and sustainable real estate transformation while preventing gentrification and deployment of the individuals that currently live in those neighborhoods. While this concept appears obvious, the inability of U.S. cities to avoid gentrification and displacement has been a major barrier to local economic change. Kresge’s program related investment will achieve both end goals – improving the lives of low-income individuals while also attracting private capital for targeted redevelopment. What are the necessary steps for communities to be prepared, equipped, focused and ready for impact investors to make substantial local investments? This “Impact Ready” conversation will lay the foundation for developing a deliberate and thoughtful approach to attracting capital that requires a financial, social and sustainable outcome.
    Speaker(s):
    Toby Rittner
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