Spotlight

How
can private capital work for public good?
How can private capital work for public good?

Smart federal policy is critical to advance impact investing.

June 25, 2014

Impact investing is at a pivotal moment. There are currently billions of dollars at work – but tens of billions remain on the sidelines.

To date, impact investing has enjoyed increasing momentum. As we look to the future, partnering with government will be a critical component in the industry’s growth. We saw this play out with venture capital in the 1970s, when policy changes to ERISA and capital gains rates boosted the nascent industry. In the subsequent ten years, VC investment skyrocketed from nearly zero to over $5 billion. Put simply, we cannot underestimate the role of policy.

This is why we are honored to be a part of the US National Advisory Board on Impact Investing and the launch of Private Capital, Public Good: How Smart Federal Policy Can Galvanize Impact Investing – and Why It’s Urgent. This report is the product of extensive work and consultation that literally reflects hundreds of conversations among people across sectors and across geographies. It not only offers real policy insight from leaders in the field, but it marks the first time a compelling cross-section of engaged, active players came together to put forth policy recommendations. From removing regulatory barriers to increasing the effectiveness of government programs and providing incentives for new private impact investment, the recommendations included in this report can accelerate impact investing in the United States and around the world.

At Omidyar Network, our commitment to the sector remains robust. At a White House roundtable celebrating the launch of this report, we were pleased to announce our commitment of $100 million in impact investments over the next three years. We look forward to continuing to work with our government partners to galvanize the impact investing industry going forward.

#USImpInvReport

Discussion
Kevin McMahon Trustee at The Merriman Good Life Foundation

Our foundation is promoting the creation of a hybrid for profit/non-profit nursing home as a way to re-direct nursing home operator profits (generated through essentially rent seeking behavior) toward better care and services. The model is self sustaining once it can be established. Seeking capital to enable us to start the operation and to guaantee a lease. Our web site www.TMGLfoundation.org has articles and white papers describing the model. Thanks for listening, my cell number is 330-858-7143.

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