Local Economy funds database
Funds investing in local economies
From Philadelphia to San Antonio, Kansas City to Los Angeles, and in cities across the country, community actors are harnessing legal structures and evergreen investment funds to preserve ownership of real estate and fund local businesses in fast-gentrifying neighborhoods.
In partnership with Neighborhood Economics, ImpactAlpha is curating “local economy” funds powering the movement.
For fund managers
Get in front of investors, family offices, financial advisors and wealth managers looking to deploy capital in the Local Economy.
For investors
Cut your research time and discover fund managers pursuing strategies in local real estate ownership and funding local businesses.
*Disclaimer: This list of Local Economy funds is based on available information, sourced by ImpactAlpha. Information has not been further reviewed by the managers nor verified by third parties, is not guaranteed for accuracy or completeness, and should not be relied upon as investment advice or recommendations. Nothing in this list or on ImpactAlpha.com shall constitute an offer to sell or the solicitation of an offer to buy securities.
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ImpactAlpha's local economy coverage
Deal spotlight: San Antonio’s ESTAR West targets $25 million for real estate fund
On San Antonio’s majority-Latino west side, ESTAR West is revitalizing underserved neighborhoods with mixed-use real estate and small business support. Entrepreneurs and Small
Roodgally Senatus
March 1, 2024
Addressing the social determinants of wealth at Neighborhood Economics
ImpactAlpha, Feb. 28 – The zip code in which a person grows up in America is more a determinant of their health than their
Dennis Price
February 28, 2024
Can commercial corridors + broad ownership build community wealth without displacement?
ImpactAlpha, February 22 — The West Side of San Antonio is looking forward to a thriving corridor of successful small businesses, restored buildings
Roodgally Senatus
February 25, 2024
Community foundations embrace mission-related investing to boost local impact
ImpactAlpha, Sept. 26 – In her 30 years at the Battle Creek Community Foundation, Brenda Hunt has seen her share of ups and downs
Andrea Riquier
September 26, 2023
On east side of Kansas City, LocalCode adds community ownership to the real estate toolkit
ImpactAlpha, July 25 — In Kansas City, Mo., Troost Ave. divides the predominantly Black eastside from whiter and more affluent neighborhoods to the
Roodgally Senatus
July 25, 2023
Chicago TREND Real Estate Fund raises $10 million to create real estate ownership for Black residents
ImpactAlpha, June 28 — Chicago Trend is looking to raise $50 million to purchase and renovate blighted neighborhood shopping centers in majority-Black neighborhoods.
Roodgally Senatus
June 28, 2023
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