Also by Reinvestment Fund

Reinvestment News Fall 2017

 


PolicyMap Now a Benefit Corp

Ten years ago, Reinvestment Fund launched PolicyMap with just two staff and a dream to democratize data and make location intelligence widely available and accessible. We have been gratified by PolicyMap’s growth over the years–with its 60,000 users and database of more than 40,000 indicators–and are excited to see it incorporate this month as a benefit corporation.

Benefit corporations are for-profit companies that meet higher standards of social and environmental performance, public transparency, and legal accountability, and aspire to use the power of markets to solve society’s most challenging problems.

PolicyMap has always operated with a social purpose. Now as a for-profit benefit corporation, PolicyMap will continue to grow while enshrining the original public purpose for which it was created.

In Philadelphia, nonprofit Project HOME subscribes to PolicyMap to support its work to break the cycle of homelessness; national nonprofit Enterprise Community Partners used PolicyMap as the basis for its Opportunity360 platform; and USDA’s Rural Development Office partnered with PolicyMap in 2016 to help the agency address the growing opioid epidemic in rural America.

RESTORING MARKETS. REIMAGINING POSSIBILITIES.

Last year, Reinvestment Fund supported projects that positively impact 450,000 people. Read more in our 2016 Annual Report.

Enhancing High-Quality Early Education in D.C.

A new $4.5 million initiative will add 625 high-quality early childhood education opportunities for infants and toddlers in Wards 7 & 8 of Washington, D.C.

Reinvestment Fund has announced a new partnership with the Bainum Family Foundation, which has committed $4.5 million to help enhance the supply of high-quality early learning seats for infants and toddlers.

The new initiative also includes our partners at Public Health Management Corporation (PHMC), which has helped Reinvestment Fund lead the Philadelphia Fund for Quality since 2014.

“This work in the District is replicating our successful effort in Philadelphia, which uses data and analysis to target resources toward creating high-quality early learning opportunities,” said Reinvestment Fund CEO Don Hinkle-Brown.

JOB OPENINGS

Reinvestment Fund is hiring for positions in our lending, finance and policy departments. See our careers page for more details and to apply.

Community Solar Demonstration at Phila Navy Yard

Joe McGowan, SolarSense

Reinvestment Fund financing is supporting the first demonstration of “community solar” in Pennsylvania with a 900,000 kWh photovoltaic array on a parking structure at Philadelphia’s Navy Yard business campus.

As a community solar project, participants from among the Navy Yard’s 152 business tenants, have their share of the monthly energy generation net metered on their individual electricity bills, as if the solar were installed on their own roof.

Current Pennsylvania Public Utilities Commission virtual net metering rules do not permit this community solar approach, however the Navy Yard uses its own micro-grid, freeing it to employ this virtual net metering approach and model an approach to energy independence within a micro-grid.

NEW FACILITIES FOR STUDENTS IN CHESTER AND ATLANTA

Last quarter, we celebrated the completion of new, state-of-the-art performing arts facility for the Chester Charter School for the Arts, and the opening of Sheltering Arms, a new early childhood education and family center in the Peoplestown neighborhood of Atlanta.

Veteran-Owned Small Business Continues to Grow

Reinvestment Fund, in partnership with Enterprise Community Loan Fund and IFF, is financing the expansion of the Honor Capital network of Save-A-Lot grocery stores.

Founded in 2014 by a group of post-9/11 veterans, Honor Capital has a dual mission to promote veteran entrepreneurship and improve access to healthy food in underserved communities. With this financing, Honor Capital will operate 10 stores in six states, including three new stores in North Carolina and Oklahoma.

Located in both rural and urban areas, Honor Capital stores serve low-income communities in or adjacent to USDA defined low-income, low-access census tracts. The stores are expected to serve nearly 40,000 low-income households and will employ over 270 people in communities with unemployment rates as high as 18%.

HARVESTING OPPORTUNITY

Reinvestment Fund contributed a chapter to the Federal Reserve Board’s recent publication, Harvesting Opportunity: The Power of Regional Food System Investments to Transform Communities. This chapter discusses the origins of healthy food financing initiatives, CDFI involvement in food systems and the need for flexible capital to support food systems projects in low-income, low-access areas–a need that persists today. Read more.

New Initiative to Support Minority and Women Entrepreneurs

This October, Reinvestment Fund and Urban Advisors announced the launch of Nile River Capital, a new initiative to support small contractors and disadvantaged businesses, including minority and women entrepreneurs. Nile River Capital will provide strategic, impact-oriented investments that address the financial challenges faced by small businesses and minority entrepreneurs, primarily in the construction trades.

According the U.S. Minority Business Development Agency, the country’s 8 million minority-owned firms contributed $1.4 trillion in revenue and 7.2 million jobs to the economy in 2012. While this is significant, it’s only a third of the revenue and employment that minority businesses could represent—if there were successful entrepreneurship parity between communities of color and majority communities.

In addition to capital from Reinvestment Fund, the initiative has been supported by Heron Foundation and Knight Foundation.

    

ABOUT REINVESTMENT FUND
Reinvestment Fund is a catalyst for change in low-income communities. We integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access—creating anchors that attract investment over the long term and help families lead healthier, more productive lives.

Email: info@reinvestment.com
For information on investing: Call 215.574.5819 or email invest@reinvestment.com
For media inquiries: Call 215.574.5893.

PHILADELPHIA
1700 Market Street, 19th floor
Philadelphia, PA 19103
TEL 215.574.5800  FAX 215.574.5900

BALTIMORE
1707 North Charles Street, Suite 200B
Baltimore, MD 21201
TEL 410.783.1110

ATLANTA
229 Peachtree Street NE, Suite 750
International Tower
Atlanta, GA 30303
TEL 404.400.1130

  

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