Artikel

Investing in Neighborhood Entrepreneurs: Private Foundations as Community Development Venture Capitalists

Entrepreneurs in low-income and minority neighborhoods encounter numerous problems in securing capital. To address this capital gap this paper considers a new role for private foundations as community development venture capitalists (CDVCs). It is suggested that through grant making and program-related investments, foundations may assume an equity stake in neighborhood-based entrepreneurs and acting as CDVCs apply lessons from the value-added component of private equity financing, including drawing on their expertise, professional contacts and financial resources to contribute to entrepreneurial efforts in the inner city.

Sprache
Englisch

Erschienen in
Journal: Journal of Entrepreneurial and Small Business Finance ; ISSN: 1057-2287 ; Volume: 5 ; Year: 1996 ; Issue: 2 ; Pages: 175-191 ; Greenwich, CT: JAI Press

Klassifikation
Management
Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
New Firms; Startups
Nonprofit Institutions; NGOs; Social Entrepreneurship
Thema
Entrepreneur
Foundations
Neighborhoods
Community Development

Ereignis
Geistige Schöpfung
(wer)
Gittell, Ross
Sohl, Jeffrey
Thompson, Phillip
Ereignis
Veröffentlichung
(wer)
JAI Press
(wo)
Greenwich, CT
(wann)
1996

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Gittell, Ross
  • Sohl, Jeffrey
  • Thompson, Phillip
  • JAI Press

Entstanden

  • 1996

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