The National Coalition for Community Capital (NC3) published Community Investment Funds: A How-To Guide for Building Local Wealth, Equity, and Justice.
The report lifts up examples of the few existing ways that communities can aggregate small investments to support local businesses.
The most common form is the Charitable Loan Fund, which is exempt from the 1940 Act purely by virtue of the fund itself being a charitable organization.
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Monika Mitchell, founder of Good Business New York, asks, Do You Have What it Takes to Be a Social Entrepreneur? She lists down the five P’s essential in every entrepreneur: Passion. Purpose. Plan. Partner. Profit.