College Leaders Grapple With the Best Way to Reopen a Closed Campus

Louisville’s Secret To Economic Boom

The Secret Behind Louisville's Economic Boom Bryce Butler has the sort of résumé that you’d make up at a party and nobody would believe you....These days, though, he’s focusing on his role as a leading figure in America’s local impact-investing movement. Butler describes his four-year-old company, Access Ventures, as a “community investment fund that integrates grants, debt and equity as a way to reimagine a community.” It invests in social enterprises, facilitates loans to entrepreneurs shut out of traditional financing, redevelops rundown real estate to provide affordable housing and makes grants to local programs. The holding company is technically a nonprofit, so returns on investments are “recycled” back into the community, says Butler. The fund concentrates on Louisville, Kentucky, with major interests in Columbus, Ohio, and an equity portfolio that extends across the U.S. Over the past two years, Butler has tapped into his $20 million war chest, which was largely raised from a few prominent local families, to invest in a dozen businesses and offer loans to another dozen. Last year the Global Impact Investment Rating System rewarded Access Ventures’ good works by naming it one of the 50 best-for-the-world funds. The fund concentrates on Louisville, Kentucky, with major interests in Columbus, Ohio, and an equity portfolio that extends across the U.S. Over the past two years, Butler has tapped into his $20 million war chest, which was largely raised from a few prominent local families, to invest in a dozen businesses and offer loans to another dozen. Last year the Global Impact Investment Rating System rewarded Access Ventures’ good works by naming it one of the 50 best-for-the-world funds. Read the source article at OZY - Welcome to the New News