A New Agenda
When it comes to social issues, the elephant in the room these days is jobs and under-employment. And while SBA loans certainly address this issue, CCM has invested $1.4 million on behalf of the fund and $8.2 million on behalf of separate accounts in tax certificates offered by community colleges in Iowa that pay for the cost of training and new jobs. The community colleges partner with local businesses, and investors can see the types of jobs created by type of program as well as the number of new jobs created by tax incentives.
"It's tangible," Van Scoy says. "This is one of my favorite job creation programs ever. I love these issues!"
Ellie Winninghoff is a writer and consultant specializing in impact investing. More of her writing is linked at her blog, www.DoGoodCapitalist.com, and she can be reached at: ellie.winninghoff (at) gmail (dot) com.