NYCEDC's Social Capital Desk Invests In Change
By Alysa Hannon, Senior Project Manager, Social Capital Desk at the Center for Economic Transformation
On Wednesday night, NYCEDC's Social Capital Desk joined over 100 attendees at Investing in Change, an event organized by the Partnership Fund for New York City, DarcMatter, and the Centre for Social Innovation to showcase businesses that are growing our economy while also solving our City’s problems.
NYCEDC co-sponsored the event in a joint effort to highlight NYC’s vibrant and growing social enterprise sector and to help strengthen its links to the impact investing market. The program included remarks by Jessamyn Rodriguez of Hot Bread Kitchen, Eleni D. Janis of NYCEDC’s Social Capital Desk, Andrea Jung of Grameen America, and Antony Bugg-Levine of the Nonprofit Finance Fund. Three social enterprises also pitched their rapidly growing ventures: Radicle Farm Company, BlocPower, and Kinvolved.
At the nexus of this event was a shared goal: to blend mission and market, solving problems sustainably through business. In addressing their identified challenges and building out their businesses, the entrepreneurs at Investing in Change remained as committed to their grounding missions and foundational motivations as they were focused on their target price points and net revenue goals.
NYCEDC's Social Capital Desk believes these small business owners are the ambassadors for NYC’s future economy, one that reflects blended value, shared prosperity, and long-term sustainability. At a moment in time when double and triple bottom lines are frequently mentioned, these entrepreneurs are building businesses on them and the results are inspiring.
One topic that the speakers addressed in their remarks was the variety of roles that we all can play to catalyze the social enterprise sector and ultimately, transform our economy—whether as social entrepreneur, impact investor, or conscious consumer. Supporting businesses that prioritize the impact they have on NYC as much as they prioritize their profit margins is a powerful way that we can all help to collectively build the kind of New York City that we want to live in together.
Hats off to last night’s entrepreneurs for helping to lead the way and the market. Also, a hearty thank you to the Investing in Change organizers! We look forward to being part of the transformative, entrepreneurial activity that is taking place in New York City.
To learn more about NYC's social impact ecosystem and connect with NYCEDC's Social Capital desk, please visit our Social Capital page.