It was concern for Hawaii’s environment, economy and farming system that inspired Brett Jacobson to launch Hawaiian Ola, a maker of healthy beverages, in 2012. Jacobson, a farmer who previously ran a biofuel company, wanted to start a business that could help Hawaii’s struggling farmers—the average farmer in makes about $15,000 a year, according to […]
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A new credit union is hoping to fill a funding gap in Maine for small scale, sustainable farming and food production. Called Maine Harvest, the credit union is in a final fundraising push to reach a $2.4 million capitalization, at which point it can apply for a charter. It is expected to open in early […]
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Each spring, we mark the anniversary of the Jumpstart Our Business Startups (JOBS) Act with an in-depth update. So, six years after the landmark legislation was signed into law, is it living up to its promise of channeling more capital to the nation’s job creators and revitalizing the capital markets? For impatient types, progress may […]
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Impact investors are increasingly gravitating to place-based investing. The latest example: a new impact investing fund in Canada that will focus on loans to social and environmental enterprises in Southwestern Ontario. The VERGE Breakthrough Fund, as it is called, also underscores the willingness of impact investors to experiment with new approaches. The fund was created […]
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When Guerrilla Development opened up crowdfunding for its latest project, a two-building mixed-use development called Jolene’s First Cousin, the team figured there would be strong demand. An earlier project, the Fair-Haired Dumbbell (they have a penchant for quirky names to go along with their iconoclastic buildings), raised $1.5 million from 121 investors in eight months, […]
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Arizona has become the first state to create a regulatory “sandbox” for financial innovation—a safe harbor of sorts that allows financial-tech startups to test out new products, services and business models without getting bogged down in costly regulations. Similar sandboxes have been set up in the UK, Singapore, United Arab Emirates and Australia to encourage […]
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Since 2011, Laurie Lane-Zucker has been building social entrepreneurship ecosystems. He founded Impact Entrepreneur, a LinkedIn group, to combat the isolation and dislocation he felt as a social entrepreneur working in the hills of Sheffield, MA, in the Berkshires. Today that group counts 17,000 members around the globe. From there, he created a consulting arm […]
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Affordable housing development has been disrupted by new tax reform legislation, leaving a void in funding. New financing tools are needed for fill the gap. The Section 42 Housing Tax Credit Program (LIHTC) will be significantly impacted by the changes to the tax code. These credits encourage affordable housing and have funded over three million […]
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The Business Alliance for Local Living Economies (BALLE) unveiled its latest group of Local Economy Fellows on Tuesday. The 25 new Fellows—representing BALLE’s fifth such cohort—are a diverse range of leaders tackling challenges in rural, indigenous, and second-tier urban communities across 16 American states and three Canadian provinces. The fellowships are awarded to systems entrepreneurs […]
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Some Americans may envy Canada’s charming president and progressive politics, but when it comes to investment crowdfunding, the two countries are in the same boat. In an appeal to government regulators this week, Canadian crowdfunding and financial tech advocates called out an “urgent need for regulatory changes and government support” for Canada’s entrepreneurial and capital […]
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