LEARNING AREA: Economic Development
impact in place

Impact in Place: Emerging Sources of Community Investment Capital and Strategies to Direct it at Scale


Federal Reserve Bank of New York




The past year brought lightning-fast change to the community investment landscape. The urgency of driving capital at scale to underserved communities was made starkly apparent by the pandemic and economic crises, as well as the nation's ongoing reckoning with systemic racism. As these changes unfolded, the Federal Reserve Bank of New York asked the U.S. Impact Investing Alliance to write a report detailing innovative investment strategies that promote broadly shared prosperity, prioritize racial equity, and seek to combat wealth inequalities. This report solely reflects the Alliance's findings, views, and recommendations.