The Wayne County Foundation, in Richmond, Indiana has announced its first impact investment, $1 million, to aid in neighborhood revitalization efforts in Richmond’s Vaile neighborhood. The initiative is supported by a partnership with Intend Indiana, the Indiana Economic Development Corporation (IEDC), and the Economic Development Corporation of Wayne County (EDCWC).
The Wayne County Foundation adopted a local impact investment program in 2022, the movement for impact investing programs continues to gain traction across the nation. Impact investing is an investment strategy that focuses on financial returns while implementing a positive social or environmental impact. This approach to investing creates an opportunity to reinvest back into projects that restore our communities, creating a social impact that will last for decades to come.
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Sources:
Wayne County Foundation’s $1 Million Impact Investment – Forward Wayne County
Wayne County Foundation | Richmond, Indiana
Intend Indiana – Intend Indiana