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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Empowerment Plan is a nonprofit aimed at helping countless homeless people find jobs. To combat the country’s homeless crisis, the Plan hires homeless people and teaches them how to make coats for the homeless suffering on the streets.