Impact investing benefits Baltimore; we need more of it | GUEST COMMENTARY
There is no shortage of opportunity in Baltimore. Yet, there always seems to be a shortage of resources to seize those opportunities. Even when hundreds of millions of dollars come our way, it feels like a drop in the bucket after decades of disinvestment. Too often, that feeling of scarcity leads to resignation and a lack of imagination.
What if I told you that, just as there are renewable energy sources, there is a renewable financial resource — and it’s already quietly making progress possible? Impact investing, which generates financial returns alongside positive social change, is proving a valuable tool for spurring large scale, inclusive economic growth and creating income and wealth for residents. Impact investments can take the form of low-interest loans, venture capital or municipal bond investments, for example, all with the goal of addressing critical social needs.
Source: The Baltimore Sun written by MPN Member and Baltimore Community Foundation CEO, Shanaysha Sauls