Through their portfolios, WES Mariam Assefa Fund, Impact America Fund, and Mission Driven Finance demonstrate how funders and investors can provide mission-driven organizations with flexible funding to innovate and scale up solutions that build more inclusive economies where everyone can contribute and thrive.
Earlier this year we shared some exciting and bittersweet team changes. Now that we are heading into the final quarter of the year, we want to share more about how our team is growing.
“Impact is a team sport and we all have a role to play, for-profit businesses included,” says Chief Community Officer Lauren Grattan. “B Corps embrace the idea that doing good is good business.”
This conversation took place between Elias Crim of Ownership Matters—a biweekly newsletter for the founders and funders of the emerging solidarity economy—and Mission Driven Finance’s co-founder and CEO, David Lynn, and Lauren Grattan, co-founder and Chief Community Officer.
This year, we opened the fellowship application to candidates nationwide. We received applications from 13 states, Washington, DC, and even one from another country!
Fifty by Fifty Employee Ownership News: Employee Ownership Catalyst Fund Preserves Local Businesses and Jobs
Project Equity and Mission Driven Finance announced on Labor Day the launch of the Employee Ownership Catalyst Fund, an evergreen debt fund that will offer flexible financing to businesses preparing for—or executing—an employee ownership transition. The fund targets businesses across the U.S. with 25 to 100-plus employees, particularly those employing frontline, low-wage workers and workers of color.
Project Equity, a national leader in the movement to expand employee ownership has launched a new initiative to provide flexible capital to companies on the path to employee ownership. The Employee Ownership Catalyst Fund provides working capital and transaction financing to businesses with 25+ employees. Mission Driven Finance co-manages the fund with Project Equity.
How can investors and local business and nonprofit leaders address housing — and in particular attainable homeownership — through public-private partnerships? Our Chief Investment Officer Louie Nguyen looks at various approaches.
Mission Driven Finance is a founding partner of Elevate/Elevar Capital and will continue to support with fund administration.
Tynesia Boyea-Robinson of CapEQ writes about Mission Driven Finance and portfolio company Carter Transportation Group in ImpactAlpha as part of its Impact Voices.
With a new collaborative investment, the area near Normal Heights and City Heights is one step closer to having more affordable housing. A hundred and ninety affordable housing units are planned for the nearly 20,000-square-foot piece of land next to the City Heights Transit Plaza, at the corner of El Cajon Boulevard and 40th Street.
As Mission Driven Finance celebrates its fifth year flowing capital to community, we have seen our company grow and change many times, especially given our focus on being a deliberately developmental organization. This season feels like one of great change even with that mindset, and we want to make sure you learn about the latest team changes at Mission Driven Finance.
If you missed the Community Finance Fellowship info session, check out the slides and recording here. Share with those you think are interested!
Congresswoman Sara Jacobs’ Request for $1 Million in Child Care Funding for San Diego County Included in FY 2022 House Appropriations Bill
The $1 million in federal funding for the Child Care Expansion Fund would be used by the County of San Diego to address the acute shortage of child care by helping small child care businesses expand. Mission Driven Finance, working with the County of San Diego and Congresswoman Jacobs, looks forward to filling the financial gaps and providing the support providers need to expand to care for more children and help more parents get back to work.
In this episode of the Essential Ingredients podcast powered by NextGenChef, host Justine Reichman talks with David Cooper—our senior portfolio advisor and co-founder of the 86 Fund—and fellow co-founder Maggie Spicer about impact investments and charitable capital investments through donor-advised funds (DAFs).
Through a combination of impact-first finance, a coalition of dedicated philanthropic and impact investors, and an incredible organization advocating for immigrant dignity, 100 people are now free from immigrant prison.
Apis & Heritage Capital Partners Announces Initial Close of $30 Million to Turn Businesses with Workforces of Color into Employee-Owned Firms
Mission Driven Finance is delighted to support our client-partners at Apis & Heritage on their first fund to build wealth for workers of color through employee ownership.
Sandhya Nakhasi of Community Credit Lab, Eric Horvath of Common Future, and Lauren Grattan of Mission Driven Finance discuss how they are using impact investing to build inclusive financial systems by centering communities.
Mission Driven Finance partners with The San Diego Foundation to empower communities through new models of investing in social change.