AI3 Brief: Unleashing The Power Of Pensions

Patrick DugganImpact Investing, InSight, Publications

AI3 report

Enterprise Community Partners and Insight at Pacific Community Ventures — co-sponsors of the Accelerating Impact Investing Initiative (AI3) — have released a new issue brief on impact investments by U.S. pension funds. The brief highlights public and private pension funds that have pursued “economically targeted investments” (ETIs), a type of impact investment that seeks certain social goals alongside a market-rate financial return. It comes just weeks after the U.S. Department of Labor, which oversees the fiduciary rules for many U.S. pension funds, issued new regulatory guidance that is expected to open the door to more ETIs in the years to come. To read the full issue brief released today, download the PDF below. The new ETI guidance was just one of several advancements in impact investing policies in 2015. Earlier this month, Congress authorized a new Pay for Success (PFS) demonstration within the Department of Housing and Urban Development to … Read More

Financing Social Innovation: Analyzing Domestic Impact Investing Policy in the United States

PCV InSightImpact Investing, InSight, Publications

pacific community ventures small business quality jobs impact investing

The convening partners on the Accelerating Impact Investing Initiative (AI3) project are pleased to present a new discussion paper, “Financing Social Innovation: Analyzing Domestic Impact Investing Policy in the United States.” The AI3 project is a collaborative effort between Enterprise Community Partners, the Initiative for Responsible Investment, and InSight at Pacific Community Ventures to research, identify and educate stakeholders on the best opportunities for strengthening impact investing in the United States through sound public policy. Informed by our research over the past year and a half, as well as the invaluable contributions of our partners and broader coalition, “Financing Social Innovation” offers a view into the intersection of federal policy and impact investing in the U.S. It includes a look at both historic and present ways policy leverages private dollars for social and environmental impact, and offers a set of criteria for evaluating new impact investing policy proposals going forward. The paper … Read More

2014 Impact Investing Global Policy Report

PCV InSightImpact Investing, InSight, Publications

impact investing global policy report

This report builds on the work of the IIPC over the last five years, to provide information and analysis on policy innovation as a critical tool to grow impact investing markets globally. This first-of-its-kind report broadens the conversation from what public policy could enable, to what public policy is actively addressing in so many different markets. The report includes a compilation of articles and case studies focused on issue-areas relevant to impact investing, including: conceptual pieces on the development and mapping of the policy system for impact investing; examples of specific public policy that have supported market development in different countries; and insights from private firms into how impact investing intersects with other key market areas, such as international development and infrastructure investment. It is hard to believe that it has been five years since Pacific Community Ventures (PCV) and the Initiative for Responsible Investment (IRI) joined forces to initiate … Read More

Impact Investing 2.0: The Way Forward – Insight from 12 Outstanding Funds

PCV InSightImpact Investing, InSight, Publications

“Impact Investing 2.0: The Way Forward – Insight from 12 Outstanding Funds”, created in partnership with the Center for the Advancement of Social Entrepreneurship (CASE) at Duke University and Impact Assets, identifies twelve high-performing funds that have seen both financial and social returns on their investments. This report is designed to be a resource for the broad community interested in the future of impact investing, but especially for impact investing practitioners – those fund managers, investors, entrepreneurs, policymakers and advisors creating and managing new and existing funds and working hard to achieve successful social and financial performance. In the past few years, we’ve seen impact investing endorsed by some of our biggest financial institutions, taken up by G8 leaders, and receive repeated coverage in major newspapers. But for every pioneer blazing a path forward in impact investing, there are many others waiting at the sidelines.They have indicated they need more robust data … Read More

Breaking the Binary: Policy Guide to Scaling Social Innovation

PCV InSightImpact Investing, InSight, Publications

pacific community ventures small business quality jobs impact investing

Breaking the Binary: Policy Guide to Scaling Social Innovation is intended to add a perspective to the global conversation already under way about how we move beyond binary choices in crafting responses to social, economic, and environmental challenges. Fundamentally, it is about leveraging private enterprise and capital for public benefit. We refer to this as social innovation. The first section of this report attempts to answer that question, articulating a framework for credible, realistic policy action that governments can take to turn social entrepreneurship into a major force for innovation. The second section of the Policy Guide profiles leading social enterprises in the Schwab Foundation network working in specific domains: education, health, employment, urban development and rural development. Policy case studies: The Impact Investing Working Group of the Presidential Investment Council, Senegal The National Innovation Council, India The Department for Social Prosperity, Colombia The Office of Social Innovation and Civic … Read More

Impact at Scale: Policy Innovation for Institutional Investment with Social & Environmental Benefit

PCV InSightImpact Investing, InSight, Publications

We examine investments with the intent to create measurable social or environmental benefit in addition to financial return. Policymakers are drawn to this by the promise of leveraging private capital to support public purpose and the opportunity to make better use of scarce resources to support social benefits. Executive Summary Full Report

Healthcare and Small Business: Understanding Healthcare Decision Making in California

PCV InSightPublications

InSight completed the final study and report, “Health Care and Small Business: Understanding Health Care Decision Making in California” (October 2011), which describes small business owner behavior and decision making processes when offering and purchasing health insurance benefits for their employees. The report details the demographics of small business owners in California, how and why they make decisions to offer insurance (or not), who they trust as sources of information about health care, and how likely they are to respond to the new online exchange and tax credit provisions as the Affordable Care Act is rolled out. PCV hopes this new insight will help inform policymakers and advocacy groups about how to effectively implement health care reform and ensure that the policy extends health coverage to more employees of small businesses in a manner that empowers them to access it.

A New Way to Talk About Small Business: The Time Has Come for a Common Language

Patrick DugganPublications

There is a steady call for policies and programs to help small business lead the charge in hiring more workers and helping to restore prosperity to areas that have been hurt by the recession. To be successful, however, it is time for academics, policymakers, investors, community leaders, and business owners to have a more fruitful discussion about what small business actually needs. Such a discussion is imperative now, during a time of financial crisis, but it is also necessary if we are to help move the sector forward in the coming years. In this paper, we are proposing that we adopt a common language based on a new small business taxonomy that can make this conversation more productive by bridging the communication gaps between various stakeholders.

The Challenges and Opportunities of Investing in Low-Income Communities

PCV InSightPublications, Quality Jobs

In the last twenty years, the United States has lost over 3 million manufacturing jobs — 56,000 in June 2003 alone. For those workers who still have jobs, many are not being paid enough to live. The value of the current minimum wage, $5.15, is 21% less than it was in 1979. In the context of these economic conditions, the need for bold and innovative action has never been clearer.