ImpactPHL Perspectives, Volume 5: Best for PHL: The City of Brotherly Love in Name and Deed

Over the past several decades, investors, economists, and business owners alike have acknowledged the need to move from shareholder capitalism to stakeholder capitalism. Research shows that Millennials seek meaningful work and investments that make money and make a difference. And since Millennials represent 50% of the global workforce and will inherit $40 trillion in the coming decades, they will shape labor and capital markets like no other generation. The existence of this trend raises important questions that B Lab's Liz Fernandes explores in this Perspectives piece.

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Total Impact Conference 2018

The Total Impact conference is for advisors, family offices, and investors who are interested in aligning their portfolios with their social values. We are bringing together impact investing experts, academics, and development leaders to demonstrate how to incorporate impact into investment portfolios. We believe the financial services industry has the tools to solve some of the world's biggest challenges and we would like you to join us.

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ImpactPHL Perspectives, Volume 4: The Circle of Aunts & Uncles: Loans to Drive Local Community Wealth

The Circle of Aunts and Uncles is a group of 35 members that seeks to build local self-reliance by supporting, mentoring, and providing low interest loans and social capital to aspiring entrepreneurs in Philadelphia. The group has loaned out more than $100,000 since 2015 with priority given to entrepreneurs who demonstrate financial need, are from a historically marginalized population, aspire to implement eco-friendly business practices, and plan to maintain local independent ownership.

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ImpactPHL Perspectives, Volume 3: Scaling Capital for Impact Through Fixed Income Investments

Last May, Reinvestment Fund announced a $50 million public bond offering to further its mission to build wealth and opportunity for low-income places and people. The bonds were rated AA- by S&P and represent one of the first examples of connecting CDFIs to mainstream capital markets. Demand for these bonds far exceeded expectations and the offering was oversubscribed. It was a testament to the demand among institutional investors for viable options to channel their capital towards impact, while also receiving market-rate returns.

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StartupPHL Announces iFundWomen Platform and Pitch Competition

iFundWomen Philadelphia is a platform designed to help the region’s women entrepreneurs raise the capital needed to get their ideas off the ground. Businesses selected for the Philadelphia Cohort will receive free crowdfunding coaching and have the option to start their crowdfunding campaigns immediately. Women-led businesses in the region are strongly encouraged to apply, and applications will be accepted on a rolling basis.

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ImpactPHL Perspectives, Volume 2: Making “Risky” Local Investments for the Common Good

There’s a collective societal consciousness that thinks of traditional stock and bond markets as prudent and safe while viewing direct investments into businesses and non-profits as risky. The Untours Foundation seeks investments with local and/or societal benefits and makes the case that perhaps the level of risk isn’t so different after all.

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Triple bottom line? Make money and make an impact with ESG investing

“No amount of philanthropy or foreign aid will solve the problems the world faces” said ImPact CEO Abigail Noble. “We need to use businesses and capital markets”. If you seek profits on a “triple bottom line,” you’re what’s called an impact investor. That means you’re interested in putting money into companies that generate positive social and environmental impact plus financial returns. 

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Margaret Bradley: Turning Philadelphia institutions into impact investors

Margaret Bradley is on a mission to make Philadelphia “the center of the impact investment universe.” Bradley cut her at teeth at The Reinvestment Fund, one of the nation’s top community finance institutions. Now with Ben Franklin Technology Partners, a regional economic development fund, she’s charged with deploying $15 million into Philly startups tackling education, health, other social and environmental challenges.

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BlackRock’s Message: Contribute to Society, or Risk Losing Our Support

The chief executives of the world’s largest public companies recently received a letter from one of the most influential investors in the world. And what it says is likely to cause a firestorm in the corner offices of companies everywhere and a debate over social responsibility that stretches from Wall Street to Washington. Laurence D. Fink, founder and chief executive of the investment firm BlackRock, is going to inform business leaders that their companies need to do more than make profits — they need to contribute to society as well if they want to receive the support of BlackRock.

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Seeking New Year's resolutions from business; no dieting required

“It’s about how do we create more and better corporate citizens,” said Donovan, program manager and sole employee at ImpactPHL, an alliance of people and organizations formed in July 2016 to enhance the Philadelphia region’s impact economy — where success is measured not just in financial performance, but in contributions to society’s betterment.

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Sister act: how a Philadelphia nun faced up to Wall Street

Sister Nora Nash regularly meets with CEOs of big banks, arms makers, and tobacco giants, using her order’s position as a shareholder to fight for change. In an age when corporations are first in line for tax cuts but seemingly unaccountable when an economy sinks or an election tilts, Nash has sought leverage by joining the one group that big companies still have to listen to: shareholders.

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Inclusive Economy: Year in Review. Overlooked assets, local ecosystems, economic revival

Middle America is an engine of innovation. Low-income communities are investable. Immigrants are assets, not liabilities. Inclusive prosperity is a pro-growth strategy. In cities and towns across the U.S. and around the world, business and civic leaders are building local ecosystems to help residents thrive in the global economy. We call them The New Revivalists.

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New Accelerator Program Focuses on Black, Latinx and Women Entrepreneurs. Applications Due Dec 22nd.

Ben Franklin Technology Partners recently announced that it is partnering with DC-based Village Capital to bring the Village Capital Pathways program to the Philadelphia region. The partnership also includes global financial services firm UBS and will focus its support on African American, Latinx, and/or women founders to help prepare their ventures for potential strategic partners and investors. 

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An Infographic: The Business Case for Conscious Companies

Why become a conscious company? Here's an easy answer: Because it's just plain good business.

Implementing conscious business practices isn’t just about doing the right thing or being nice. In fact, the research on the advantages of consciousness just keeps pouring in: self-aware leadership, sustainability, and other companion practices elevate human wellbeing even as they benefit the bottom line. But don’t just take our word for it — here’s the latest evidence of the benefits of becoming a conscious company in infographic format.

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