Appalachian Growth Fund: Difference between revisions

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A potential partner of the [[Community Equity Fund]]
A potential partner of the [[Community Equity Fund]]


Adding Annie Forrest, RIIF’s Asheville-based contractor working with us.
Agenda-
Intros
How to promote both funds in November in Asheville
How Eagle Market Streets and RIIF might be able to partner on microfinance
Ford interest in participating in the November Asheville convening
Some background on the RIIF fund: (do not share externally)
The purpose of the Appalachian Growth Fund (the “Fund”) is to provide capital solutions for Appalachian small businesses through the deployment of capital that best fits the needs of the businesses. By increasing the volume of debt and equity capital available to Appalachian enterprises across all industries, including businesses that are building new infrastructure and helping Appalachia’s economic and energy transition, the Fund will create and retain high quality jobs, increase local retail sector growth and wealth, and improve the quality of life of all Appalachians, especially overlooked and underserved Appalachians, through income and wealth-building opportunities. The fund will specifically address chronically underserved and economically distressed areas of the Appalachian region, as defined by the Appalachian Regional Commission.
The fund will be managed by RIIF Capital LLC, a wholly owned subsidiary of the REDF Impact Investing Fund, a certified Community Development Financial Institution (CDFI).  The REDF Impact Investing Fund is a 501(c)(3) tax-exempt nonprofit corporation that was incorporated by REDF in California in 2019.
   
   
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Latest revision as of 15:25, 25 September 2024

A potential partner of the Community Equity Fund


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