Capital for Communities: Regulatory Changes Support Impact Investing
Abstract: Several recent regulatory changes have made it possible for new players to become involved in ?impact investing.? From regulatory changes at the U.S. Department of Labor (DOL) that allow retirement funds to invest for environmental and social impact to an Internal Revenue Service (IRS) announcement on private foundation investments to changes at the Securities and Exchange Commission (SEC) that allow small businesses to solicit funding in new ways, recent developments are opening up new potential sources of capital for community and economic development.
Keywords: community development; economic development; impact investing;
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Cascade
Publication Date: 2016-10
Order Number: 93