Develop Place-based Impact Investment
Investment
PRACTICE A DOTS MODEL – DESIGN, OUTREACH, TRAIN (CREATE AND DEVELOP) AND IMPLEMENT SYSTEMS AND ADMINISTRATION
Impact of Investment
D- Have your business plan, proforma, general projections, outline of partners and design with a SWOT analysis well-polished. Next provide summary sheets with the key deliverables in promotional item format and/or easily assessable on social media.
O- Conduct internal audit of resources and business plan, then provide community charettes and the opportunity to clearly express the upcoming projects with transparency.
T- Train the appropriate workforce and adequately staff each development phase of the business, while continuing to address equitable workforce solutions as they arise.
S- Implement a systematic structure that supports the business and staff. Include a strategic plan, marketing plan and developmental plan in the business system implementation process.
The Evolution of a Economic Development Corridor
The Memorial Drive Corridor has the potential to deliver socioeconomic benefits to the community through business investment, updates to infrastructure and overall community stakeholder support. Developing corridors have the potential to diversify markets, improve business owners’ livelihoods and provide more efficient services to the community through the investment of infrastructure dollars.
- Economic Corridor
- Inward Investments
- Logistics Corridor
- Soft Infrastructure
- Multi-modal Transport Corridor
- Hard Infrastructure
- Basic Transport Corridor
Ways to Invest
Long-term (5-years or more) investment in economic opportunities in the corridor that include loan fund support for women-owned businesses and real estate projects to help nonprofit organizations build more programs in the community, centered around home ownership initiatives to help families stay and find stable housing.
Incorporate Environmental, Social, and Governance (ESG) into investment strategy. Working in investments that produce competitive returns while increasing investment in construction, small businesses and housing along the Memorial Drive corridor.
Elements of Collaborative Impact Investments: Anchor partners, community involvement, racial equity, impact measurement and management, adaptive planning, market mapping, and ecosystem champions.
Awareness
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Leadership
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