RuralWorks Aims To Boost Rural Economies, Climate-Smart Agriculture, Local Food Systems

Businesses in rural communities typically fall under the radar of growth-equity investors. “Traditional sources of venture capital don’t go to these markets,” says Melissa Obegi, president of impact investor Conduit Capital, U.S. “They often stick with a more tried-and-true footprint.”

That’s why RuralWorks Partners was formed. Launched last year by Community Development Financial Institution (CDFI) Community Reinvestment Fund, USA and Conduit, it aims to build wealth and economic and climate resilience in rural communities, along with the number and quality of jobs, by investing in growth-stage businesses with the potential to expand. “These companies are starved for the capital critical to bringing their full potential to bear on

→ Continue reading at Forbes - Startups

More from author

Related posts


Latest posts

Workers are seeing how AI could change our jobs

Every day in the workplace, people are discovering that artificial intelligence has the potential to change our jobs and our lives — for...

20 years ago, the supersonic passenger jet Concorde flew for the last time

Enlarge this image A British Airways Concorde takes off from London's...

The tug-of-war is on between deal-hungry Black Friday shoppers and retailers wary of throw-away prices | CNN Business

New York CNN  —  Let the shopping games begin. Deal-hunters headed to their favorite stores in person...