New York angel investor Tony Davis invested $750,000 in a bond to retrain low-income, low-skilled workers for tech jobs in the borough of New York.

“It’s not a loan, and it’s not a debt,” founder Jukay Hsu says, but it will enable C4Q to repay Davis at a 6.6% rate of return. Other organizations are testing a similar approaches.

Read the source article at ImpactAlpha