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
A customized collection of grant news from foundations and the federal government from around the Web.
Vishal Patel and Onyeka Obiocha were just two entrepreneurs at the reSET co-working space in Hartford who goaded lawmakers and Gov. Dannel P. Malloy to enable them to switch from an LLC to a “b-corp” (benefit corporation) designation.