07.01.16

Obama’s $1B Impact Investment Program Could be Here to Stay

This article provides coverage about President Obama’s $1B Impact Investing Program under the Small Business Investment Company (SBIC) licensing program, which was announced in 2014.To date, there have been seven impact SBICs created out of the program, including Bridges Ventures, a GIIN Network Member. The article explains that while the SBIC Impact Investing Program was created as a temporary policy under President Obama, Nate Yohannes, chief investment and innovation officer at the Small Business Administration (SBA) is working to move it into permanent status.

The specific goal of the $1 billion is to support small business investment strategies that maximize financial return while also yielding measurable social, environmental or economic impact.

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