The Local Initiatives Support Corporation (LISC) has committed to invest $1 million in SustainVC Impact Fund II, a $25 million fund supporting early-stage companies focused on social and environmental impact.
The commitment is part of LISC's capital management strategy to align a portion of its investable assets with its mission to build a broadly shared prosperity throughout the country.
The strategy includes a new impact investment in SustainVC Impact Fund II, which finances enterprises that advance climate solutions, economic equality, health and education.
SustainVC supports entrepreneurs in three impact categories: climate and sustainability, equality and empowerment, and health and education. Read the Entire Article
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The 2014 Social Enterprise Awards, now on is 2nd year, has revealed its finalists, which include “businesses that turn household waste into wages, employ the disadvantaged through the baking of artisan breads, or transform the purchasing power of toilet paper into life-saving sanitation.”