Heard on the Street: mission-based lending, social entrepreneurship, and inclusive city rankings

By April 30, 2018 Heard on the Street

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

Measuring Inclusion in America’s Cities: To better understand what makes cities inclusive, Urban Institute collected data on 274 cities and ranked them on economic, racial, and overall inclusion across four decades. The report includes an interactive dashboard where you can explore the inclusiveness of your own city.

Helping Entrepreneurs Write Their Own Success Stories: Mission-based lenders Accion and Opportunity Fund share the findings of their study on small business borrowers. The report “reinforces the urgency to bring mission-based lending to scale, thereby providing this critical service to all entrepreneurs who stand to benefit.

Spotlight on Small Biz: MEDA’s ‘patient capital’ strategy boosts minority entrepreneurs: MEDA is now offering patient, “equity-like” capital, to combat the fact that debt and debt payments are often what slows the growth of high-potential businesses.

Social Enterprise Is Not Social Change: Since the Harvard Business School established the first Social Enterprise Initiative 25 years ago, the concept of the “social enterprise” has had little success solving the systemic social problems it aims to address.