Heard on the Street – here’s what we were reading last week:
Early movers are getting a jump on opportunity zones – and the future of community investing: At least ten impact fund managers are already taking care of the Investing in Opportunity Act. These “early movers have the potential to shape both market entrants to come as well as the final rules that will govern the program.”
The Role of Senior Leaders in Building a Race Equity Culture: Race equity – “the condition where one’s racial identity has no influence on how one fares in society” – is one element of social impact that is still missing across the social sector. Findings from research by Bridgespan show that an organizational culture focused on countering race inequities is critical to that mission, and that senior leaders play a critical role in creating it.
Reconnecting Work and Wealth – A Report from the 2017 Aspen Institute Economic Security Summit: Last year, the Aspen Institute convened its second annual Economic Security Summit, focused on “Reconnecting Work and Wealth: Constructing a New American Middle Class.” Last month, they released a report highlighting the key questions, challenges, and proposed solutions that came out of that convening.
How Equitable Development Dies a Death of a Thousand Cuts: Aldermen in cities like Chicago carry broad power to control development in their wards, which often leads to patterns of residential segregation.