Heard on the Street – here’s what we were reading last week:
Technology is revolutionizing supply-chain finance: Suppliers, who often need financing to fill the gap between production and payment, are increasingly turning to online lenders and third-party platforms that match buyers and suppliers to sources of financing
DL3 Capital releases new white paper on “Venture Development:” Leon Walker, managing partner of Next Street client DL3 Capital, published a discussion paper on a new field of real estate development called “venture development,” an approach that allows investors to support positive change in urban neighborhoods, while at the same time earning competitive financial returns. Download the paper here.
Rhode Island Foundation- New investment program banks on success of local projects: The Rhode Island Foundation, a Next Street client, announced a new impact investing program. The first two investments are a $300,000 purchase of preferred stock in the Urban Greens Food Co-op, and a $1 million “bridge loan” to Rhode Island Public Radio.
New initiative aims to create “cycle of support” for minority developers in Detroit: Capital Impact Partners has created an Equitable Development Initiative to ensure that more minority developers are playing a role in the revitalization of Detroit.