Placed-Based Impact Investing Takes Off In Buffalo, NY

A small number of place-based funds in the U.S. focus on impact investing. One of them is Western New York Impact Investment Fund, which targets eight counties in Western New York State.

With a focus that ranges from workforce development and neighborhood revitalization to health and environmental conservation, the Buffalo-based fund has also pioneered a complex assessment process. And it recently raised a second fund, at $12 million.

“This is my hometown,” says Tom Quinn, a serial entrepreneur who is a born and bred Buffalo native and has headed the fund since it was launched in 2017. “I want to make it a better place to

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