Re-Thinking Investability in Rural America: Models for Overcoming Capacity & Capital Absorption Challenges
Sydney England, LOCUS Impact Investing
How has economic prosperity been defined in rural America in the past, and how are rural stakeholders rethinking economic development and the investment strategies needed to stimulate sustainable, equitable prosperity? Despite many perceptions about "the future of rural," there are innovative grassroots solutions cropping up in rural communities across the country with the goal of better leveraging resources and providing flexible gap capital. Hear from four place-based practitioners on how their organizations are working to creatively deploy philanthropic assets to better address financing gaps and capital absorption obstacles unique to rural America. This session will feature learnings from a Native CDFI Intermediary, a rural Wisconsin community foundation, a New Mexico funding collaborative and an Appalachian region-wide collaborative investment platform.
Capital Absorption, Collaborative Place-Based Investing, impact investing, Philanthropic Investing, Rural
[moderator] Teri Lovelace - LOCUS Impact Investing (consultant and register investment advisor for place-based institutions) Stephanie Randolph - Impact Appalachia (regional impact fund) and Casseopia Foundation (rural-serving private foundation) Kelly Ryan - Incourage Foundation (rural-serving community foundation) Chrystel Cornelius - Oweesta (Native CDFI intermediary) Ryan Marie Decker - New Mexico Impact Investing Collaborative (rural and urban-serving collaborative network)
Place-Based Collaborative Investing Resource: Urban Institute, Investing Together Emerging Approaches in Collaborative Place-Based Impact Investing, https://www.urban.org/sites/default/files/publication/98452/investing_together_emerging_approaches_in_collaborative_place-based_impact_investing_7.pdf Democracy Collaborative, Impact Investing for Rural Wealth Creation: Investing for financial returns and community impact https://democracycollaborative.org/sites/clone.community-wealth.org/files/downloads/report-kelly-norwood.pdf Leveraging Capital to Invest in Rural: Mission Investors Exchange, Emerging Impact Investing Strategies for Rural Communities, https://missioninvestors.org/resources/emerging-impact-investing-strategies-rural-communities