Heard on the Street: social venture funds, investing in Chicago, and more

Heard on the Street – here’s what we were reading last week:

‘Buying Black’ during the holidays is a community investment: “[Black business owners] play a role in building the communities in which they reside. By supporting them the way we do, we help to empower them.”

Propeller launches social venture fund for New Orleans entrepreneurs: The Social Venture Fund, developed through a partnership between Propeller and Foundation for Louisiana, will support entrepreneurs in food, water, health, and education. The fund will provide below-market rate loans from $20,000-$100,000.

Impact Investing Is Being Democratized—and Marginalized Communities Are Benefiting: The first comprehensive snapshot of community investing in the United States points to increased diversity and inclusion for startup funding. Foundations and impact investors should pay attention.

Minority Entrepreneurs in Chicago To Benefit From JPMorgan’s Philanthropy: JPMorgan is investing over $2 million into a program that offers grants to Chicago-based nonprofits. Grant recipients include IFF, Sunshine Enterprises, World Business Chicago, Women’s Business Development Center, Blue1647, Illinois Hispanic Chamber of Commerce Foundation, and 1871.

Revitalizing America’s Manufacturing Communities: The Century Foundation released a new report on revitalizing our manufacturing communities. “Conventional wisdom has tended to discount a return of manufacturing to our shores as a viable economic recovery strategy for these communities-this report argues otherwise.”