The most overlooked impact investment? The municipal bond
Pitichoke Chulapamornsri, Neighborly
More and more investors are looking to direct their money to world-positive projects. At the same time, local governments are facing declining funding for critical community and infrastructure projects. What if we could connect these impact investors with communities around the country? The $450 billion per year municipal bond market is arguably the largest community focused impact investing vehicle in the nation. The bulk of projects funded by municipal bonds every year have strong ESG ratings: education, affordable housing, green water, sewer and power projects, health care and a wide variety of other social interventions. Yet, the typical buyer of a municipal bond does not consider themselves an impact investor. How can we bridge this divide? How can projects with strong ESG features brought forth by state and local governments find funding from impact investors, putting the power of public finance back into the hands of civic visionaries?
Impact Investing; social innovation; community empowerment; public finance; technology
Pitichoke Chulapamornsri, Neighborly Mark Northcross, NHA Advisors
Dana Hollinger - ask is out.
Case Studies: Cambridge, Burlington, Lawrence: https://docsend.com/view/y7ew7he