Join us for a panel discussion on the role of philanthropy in increasing social and knowledge capital for cross-sector allocators with the goal of unlocking more investments in underserved businesses. The panel will introduce Living Cities’ latest initiative, the Inclusive Capital Council (ICC), dedicated to shifting lending and operational capital to Community Based Capital Allocators of Color (CBCAs), so more business owners can have access to the support they need to grow and thrive in U.S cities.
By fostering dialogue and ideation among funders, investors and practitioners, the ICC is set to become a key sourcing mechanism for the field. As more innovations gain traction and support to be implemented across Living Cities member collaborative’s shared portfolio of cities, the ICC is poised to set new national standards in:
Financial risk assessment methodologies tailored to CBCAs that are free of racial bias;
Innovative products that meet the needs of BIPOC business owners served by BIPOC CBCAs;
Advocacy for adaptive policies that sustain the role of diverse CBCAs in the US economy; and
Data-backed stories that validate the indispensable role of CBCAs in the health of the U.S. economy.
Drawing insights gained from strategic investments made by Living Cities into Fortis Capital in Minneapolis and Allapattah CDC in Miami, panelists will share how two separate investments brought two seemingly unrelated cities together through the ICC to set a new standard in building wealth by redressing commercial gentrification.
This conversation will feature 3-4 panelists who will celebrate successes, explore lessons learned, and articulate the power of collective action to unlock capital for all.
