Fifth Third Community Development Corp. is investing an additional $2.5 million in First Independence Bank. The move makes Fifth Third the largest investor in the minority depository institution and community development financial institution.
Public-private partnerships (P3s) are most commonly known for funding large-scale water infrastructure projects that a utility can’t support through traditional funding. However, other key attributes in the P3 model are often overlooked. In a P3, the private entity may provide the capital, but the true benefits go well beyond financing alone.
This World Refugee Day, Benevity, the market leader in workplace giving, volunteering and community investment software, announces that donations made through its award-winning cloud solution to human rights and refugee causes have increased 6 times year-over-year since the Executive Order banning travel by nationals of 6 Muslim-majority countries in January 2017.
Duke Energy has selected six North Carolina properties for participation in the first half of its 2017 Site Readiness Program to prepare them for business and industrial development.
Off Grid Electric is the world’s first distributed clean energy utility, providing affordable, solar energy to households that struggle with spotty or nonexistent grid access. They sell solar energy systems on a pay-as-you-go, lease-to-own model – costing some homes as little as $7 a month. That way, customers don’t have to worry about making a daunting financial investment upfront.
Morgan Stanley Investment Management has raised more than $125 million in final commitments for its first global impact fund, PMF Integro Fund I (“Integro” or the “Fund”).
JPMorgan Chase & Co. today announced that it will expand the firm’s commitment to Detroit’s economic recovery, expecting it to reach $150 million by 2019. The announcement comes as the firm exceeded its initial $100 million, five-year investment two years ahead of schedule.
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