Heard on the Street – here’s what we were reading last week:
A new brand of inclusive growth coalitions: Indianapolis demonstrates how inclusion and partnerships can link equity with shared prosperity, bringing together a diverse coalition of leaders around a common narrative to address the challenges and opportunities in their region.
How 60 U.S. Cities Stack Up on Residents’ Financial Health: a new Urban Institute report called The Financial Health of a City profiles 60 cities based on residents’ financial health. Metrics include residents’ ability to manage daily finances, be resilient to economic shocks, and pursue opportunity to move ahead.
The Catalyst Fund’s gateway to financial services for the world’s next billions: JPMorgan Chase and the Bill & Melinda Gates Foundation are backing a multi-million dollar Fund to support emerging-market fintech firms that target low-income customers.
A New Model of Collaborative Philanthropy: Based on the problem of having too few effective mechanisms to match leaders looking to solve social issues at scale with the philanthropists interested in providing the right capital, a new effort called Co-Impact was recently launched. Co-Impact brings together donors from around the world to better identify, align, and support opportunities for systems-level change.