Heard on the Street: Inspiring impact investors, a changing NYC small business landscape, and more

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

New York City has changed and small businesses have suffered: America has changed, and some small businesses have suffered from it. But is the Small Business Jobs Survival Act the answer?

This Family Foundation Wants to Inspire Philanthropists to Consider Impact Investing: The Russell Family Foundation launched their first $1 million impact investing effort in 2004. Now they’re sharing their lessons learned in an effort to inspire other philanthropic groups to invest for impact.

When Companies Should Invest in Training Their Employees – and When They Shouldn’t: U.S. companies spent over $90 billion dollars on training and development activities in 2017. Training is useful at times but often fails, especially  when it is used to address problems that it can’t actually solve.

Taking Over the Family Business In Chinatown: As the neighborhood continues to gentrify, the children of immigrant shop owners must decide how, and if, they will keep stores running.