Heard on the Street: Starbucks investing in Chicago, bringing CDFIs back to their roots, and a new impact modeling approach

By November 4, 2019 Heard on the Street

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

Starbucks to invest millions in Chicago’s low-income neighborhoods: Starbucks is investing millions in Chicago’s low-income neighborhoods as the company prepares to open the Reserve Roastery on North Michigan Avenue on Nov. 15.

Bringing Community Development Lenders Back to their Civil Rights Roots: Bank-CDFI relationships were some of the first big “impact investments,” as banks were funding CDFIs to meet a specific social goal of making the banking system less racist. But banking ultimately hasn’t changed since the CRA became law and CDFIs appeared on the scene.

The new impact modeling approach that will change the way you think about social impact: Social impact gets falsely relegated to the sidelines of the global economy, setting it up for illegitimacy and optional buy-in.

Fed Up With Deaths, Native Americans Want to Run Their Own Health Care: The problems at the 24 hospitals nationwide run by the Indian Health Service, an arm of the Department of Health and Human Services, are pervasive. There is a growing trend in which tribes have declared themselves fed up with the federal government’s management of the health care system and are seizing control of troubled hospitals in the belief that they can do a better job of running them.