Heard on the Street – here’s what we were reading last week:
Making, Scaling, and Inclusion: In 2015, a partnership between Pratt Center for Community Development, PolicyLink, and the Urban Manufacturing Alliance launched the Equitable Innovation Economic Initiative to bring equity to strategies focused on urban manufacturing and innovation. Their most recent report lays out strategies for achieving equity at scale with the urban manufacturing industry. Strategies include setting bold goals, expanding networks, increasing access to capital, developing cross-sector partnerships, and strengthening advocacy efforts.
A Bevy of Billionaires Join Steve Case’s $150 Million ‘Rise of the Rest’ Startup Fund: The Rise of the Rest campaign to promote entrepreneurship beyond Silicon Valley recently launched a $150 million seed fund to invest in startups outside of typical tech hubs. More than 30 business leaders contributed to the fund, which will seek to co-invest with local investors across the country.
Why John Legend is Backing Startups Launched by these Former Inmates: Venture philanthropy firm New Profit has partnered with Grammy-winner John Legend are partnering to lead an business accelerator called Unlocked Futures, which supports social entrepreneurs who have been incarcerated or impacted by the criminal justice system. Participating entrepreneurs are awarded $50,000 in funding, and coaching from New Profit advisers.
Boston. Racism. Image. Reality.: The latest series from The Boston Globe Spotlight Team will explore the validity of Boston’s reputation as one of the most racist cities in the country. They found that “for all the gains that Greater Boston has made, unfinished business on race is everywhere.”