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To put public space at the heart of public discourse where it belongs

tying culture change to economics

“We can shift the paradigm of how we build our cities; thinking about economics is a great way to do that because it cuts through the political divide.”

Place Capital can be defined as the shared wealth (built and natural) of the public realm – and it is increasingly becoming society’s most important means of generating sustainable economic growth for communities.

Where Place Capital is strongest people actually compete to contribute to this shared wealth, often changing their behavior in ways that ultimately support the value the place gives to others.

Public markets, town commons, and communal wells are early examples of human efforts to create these ‘shared value generators’ in physical places. Today, public places receive relatively little focus and investment above the necessary infrastructure and facilities to support production and distribution.

In an article titled "Relevance Achieved" in the fall 2012 issue of Green Money Journal, Amy Domini of Domini Social Investments commends sustainable investors for their successful campaign to pressure corporations into issuing sustainability reports. What was a rare occurrence 30 years ago is now practiced by more than 80 percent of companies, she writes.    As a result, regulators are now more willing to mandate that companies report on issues such as greenhouse gas (GHG) emissions and asset managers are increasingly considering environmental, social, and corporate governance (ESG) factors in their investment analysis. And academics are reporting more and more examples of outperformance by leading sustainable firms.  "As society sees the full cost of traditional business behavior," Domini concluded, "SRI (socially responsible investing) will be embraced as the single most important lever towards building a better world than the planet has ever seen." 

Contrasting the growth capitalism still dominant today with sustainable capitalism, Joe Keefe of Pax World writes, "The sustainable investment community's role is vital because the fundamental struggle is between a long-term perspective that fully integrates ESG factors into economic and investment decisions and our current paradigm which is increasingly organized around short-term trading gains as the primary driver of capital investment and economic growth regardless of consequences/externalities." 

The CRA was created in 1977 and mandates that banks make credit and capital available to low- and moderate-income communities.

Launched in 1999, the Fund’s CRA Shares are designed specifically for banks looking to receive positive consideration on the investment test portion of their CRA exam. Once a bank makes an investment in the CRA Shares, the Advisor confirms its targeted assessment area(s) and begins seeking CRA-qualified investments in those counties. From a financial standpoint, each bank owns a pro-rata share of the Fund whereby the risks and returns are diversified among all the shareholders. The Fund invests primarily in government-related subsectors of the bond market that support community development such as agency-backed securities and taxable municipal bonds.

The CRA Qualified Investment Fund CRA Shares has provided solid performance throughout its history.

Impact investments are investments made into companies, organizations, and funds with the intention to generate measurable social and environmental impact alongside a financial return.

A rapidly growing supply of capital is seeking placement in impact investments across geographies, sectors, and asset classes, with a wide range of return expectations.

This investment interest is sparking the emergence of a new industry that operates in the largely uncharted area between philanthropy and a singular focus on profit-maximization.

If you use appreciated property to fund the trust, you avoid capital gains tax liability on the transaction, the beneficiary’s income may be taxed at ordinary and capital gains rates, and some income may be tax-free.

the endowment may outperform other investment strategies over the long term

TheFunded.com and the Founder Institute founder Adeo Ressi tells us that the Convertible Equity vehicle provides a fast, cheap and flexible way for angel investors to invest money in a startup, that converts to equity at the time of a future round. The point, he says, is to avoid time-consuming valuation negotiations and allowing a variable amount of capital to be raised.

Basically, Convertible Equity removes the repayment at maturity and interest provisions of Convertible Debt. Additionally, Convertible Equity is “equity” that may have a lower capital gains tax benefit for investors, since it is likely classified as “qualified small business stock”.

How do I register with the SEC as a funding portal? Answer: The SEC must adopt rules governing funding portals before permitting anyone to register with the SEC as a funding portal. These rules will address the form and process needed to register with the SEC as a funding portal.

The JOBS Act requires these intermediaries to, among other things: provide disclosures that the SEC determines appropriate by rule, including regarding the risks of the transaction and investor education materials  ensure that each investor: (1) reviews investor education materials; (2) positively affirms that the investor understands that the investor is risking the loss of the entire investment, and that the investor could bear such a loss; and (3) answers questions that demonstrate that the investor understands the level of risk generally applicable to investments in startups, emerging businesses, and small issuers and the risk of illiquidity;  take steps to protect the privacy of information collected from investors;  take such measures to reduce the risk of fraud with respect to such transactions, as established by the SEC, by rule, including obtaining a background and securities enforcement regulatory history check on each officer, director, and person holding more than 20 percent of the outstanding equity of every issuer whose securities are offered by such person;  make available to investors and the SEC, at least 21 days before any sale, any disclosures provided by the issuer;  ensure that all offering proceeds are only provided to the issuer when the aggregate capital raised from all investors is equal to or greater than a target offering amount, and allow all investors to cancel their commitments to invest;   make efforts to ensure that no investor in a 12-month period has purchased crowdfunded securities that, in the aggregate, from all issuers, exceed the investment limits set forth in section Title III of the JOBS Act; and any other requirements that the SEC determines are appropriate.

Big Data is the vast (and ever-growing) stockpile of information too large for companies to store in-house--let alone analyze.

"For so long, we've focused on human-powered businesses, and now we're transforming into data-driven organizations that are bringing a level of customer centricity that we've never seen before,"

enture capital firms invested $2.47 billion in fields around big data in 2011, nearly 10 percent of all money distributed.

The two most common laments from impact investing devotees were the enormous difficulty of generating positive impact at the necessary scale, and the related fear that there simply weren’t enough investable projects to absorb the level of capital potentially interested in investing in them.

What role are public-private partnerships going to have in funding development in cities? Is that just happy talk or is there reality to it? Hsu-Chen: It’s very real talk. And we’re getting smarter and better at it. Right now a lot of the incentives the city offers are around getting the right density at transit nodes. Kate and I worked together on a project just a couple years ago—Kate in the private sector, I in the public—to deliver a new state-of-the-art skyscraper right across the street from Pennsylvania Station.

The world has become increasingly urban—more than 50 percent of the globe’s population now live in cities. How can we make them more sustainable, efficient, and prosperous?

We don’t have a strong central government. We have a federal system.

The WBCSD's Urban Infrastructure Initiative (UII) brings together a diverse group of companies: ACCIONA, AECOM, AGC, CEMEX, EDF, GDF SUEZ, Honda, Nissan, Philips, Siemens, TNT, Toyota and UTC. The UII Co-chairs are CEMEX, GDF SUEZ, Schneider Electric and Siemens; WBCSD is also actively involved as Co-chair. These companies from sectors including energy, buildings, materials, transport, engineering, water, equipment, and support services are collaborating to help urban authorities develop realistic, practical and cost-effective sustainability action plans. The project draws on the expertise of individual companies who already work with urban planners and engineers to provide services and solutions to sustainability challenges in cities.

Each city faces different challenges. Tailor-made solutions are required, as challenges and opportunities vary from country to country and city to city. Some cities can capitalize on expanding populations. Others need to deal with aging and declining numbers. City governments must therefore find systemic solutions to address the interlinked social and environmental challenges and create the right framework conditions to make them competitive in order to attract investments.

For cities, the case for action is compelling: A sustainable city is more competitive and offers its citizens better lives. It uses resources more efficiently, thrives economically, and creates an inclusive community. For companies, the case for action is also compelling:  the urban market offers companies the opportunity to provide systems solutions, products and services in support of sustainable development in cities (buildings, energy, infrastructure, waste collection and recycling, etc.)

small donors help lay the foundation for

major municipal innovations, galvanizing communities.

Under Title III, companies wishing to sell stock to the public will have to provide information to investors and the S.E.C., including financial disclosures that grow more extensive as the size of the offerings increases. They will be allowed to sell stock only through an intermediary: either a broker-dealer or a specialized crowdfunding Web site, or portal. The intermediaries will have to take steps to ensure that small investors are protected, even from themselves. The law limits how much a person can invest in crowdfunding in a year, depending on income and net worth.

protection measures could, if fully adopted, make crowdfunding prohibitively expensive.

evolve into best practices and common leadership – this will accelerate the crowdfunding phenomena towards the $1 trillion market we predict it to be by 2020.  The investor democratization and customer communication involvement crowdfunding allows will trigger widespread corporate implementation by Q4, 2013.

mainly angels at this point – are in for the long haul

and not necessarily for a return on capital.

TRF is a national leader in the financing of neighborhood revitalization

socially responsible community investment group that today works across the mid-Atlantic region.

Our Mission TRF builds wealth and opportunity for low-wealth people and places through the promotion of socially and environmentally responsible development.

That big issue caused Mr. Caldbeck to leave his job to start CircleUp, a company that aims to connect up-and-coming consumer products companies with investors.

crowdfunding is a way for capital-starved entrepreneurs to receive financing that neither big investors nor lenders are willing or able to provide. To others, it represents a potential minefield that could help bad businesses get off the ground before they eventually fail, and in some cases could even ensnare unsophisticated investors in outright fraud.

SoMoLend, which lends money to small, Main Street-type businesses that typically wouldn’t interest private investors.

BlueKite, a Miami-based platform for cross-border bill payments, is today announcing $1.5 million in new funding, led by PeopleFund, which contributed $1.3 million of the total raise.

The process for receiving approval is not simple, so Florida has served as a battleground for dealing with the regulatory and legal issues surrounding the set up of these cross-border payments. In Florida, the service has only be up-and-running for three weeks so far, but has already processed around 1,000 payments, averaging around $18.00 each, or around $20,000 in total transactions.

But for now, the company is targeting mom-and-pop shop cash stores, including Save Mart, Cash First (Naples) Agente, Atlantida, TipTopCashing, and others in Tampa and Miami.