Heard on the Street – here’s what we were reading last week:
More Catalytic Capital: A New $33M Guarantee Pool Aims To Encourage Community Investment: To boost investments in areas deemed too risky by most traditional financial folks, foundations and other like-minded impact investors have been banding together to goose available capital. The latest example: The Community Investment Guarantee Pool, with $33.1 million in commitments.
Closing The Small Business Financing Gap: The ABCs Of Merchant Cash Advance: “There is an $87 billion gap in financing for small businesses,” said Marina Linhart, CEO at Next Street. The good news is that there is an array of not just new financing options that are now available but also ones that have been around for years. The bad news is that the abundance of options can be overwhelming to the entrepreneur.
New investment fund aims to raise $25M for minority-owned business development: In an effort to diversify the economy, a group of community partners on Thursday said they plan to launch an investment fund next year that will focus on growing the number of minority-owned businesses in West Michigan.
How Much Racism Do You Face Every Day?: To see how your experience with discrimination compares with others’, answer some of the questions that were posed to 101 black teenagers as part of a study measuring the racism they face on a daily basis.