Innovation within the Impact Investing Space.
Impact investing is a double bottom line investment approach that looks to generate a competitive rate of return while investing funds into projects that will have a positive social, economic or environmental impact. There are now at least USD 114B worth of impact investing assets under management, according to a recent survey conducted by the Global Impact Investing Network (GIIN), a group of charities, banks, foundations, insurance companies and asset managers dedicated to increasing impact investing.
The potential for innovation in the impact investing space has made its growth such a game-changer for inner city economies. As impact investing continues to expand as a means for supporting urban economic development, innovators will play an important role in advancing the flexible strategies necessary to ensure that inner city communities can access the financial support that they need.