The Need for Localized Risk (Venture) Capital: Place-Based Impact Investing

2018 ◽  
Keyword(s):  
New York ◽  
Venture Capital ◽  
Negative Impact ◽  
Economic Benefits ◽  
Technological Advancement ◽  
Wealth Creation ◽  
Impact Investing ◽  
The Many ◽  
Start Ups ◽  
Family Foundations

There is a growing recognition that the concentration of risk or venture capital in so few communities presents not only a challenge for the start-ups emerging from the many university entrepreneurial programs, incubators, and accelerators, but also is having a negative impact on the overall economy. Simultaneously, advancements in technology have undoubtedly improved the efficiency and profitability of many, if not most, industries. However, this has come at the expense of blue-collar jobs—and subsequently, the middle class. Moreover, with the concentration of venture capital in Silicon Valley, Boston, and now New York City, the companies located in those cities receive the lion’s share of funding and enjoy the associated economic benefits of innovation and technological advancement—vibrant and expanding employment opportunities and wealth creation. This double-whammy of job losses across much of the country and concentrated wealth creation in few communities has come to the attention of researchers, forward-thinking community and family foundations, and wealthy individuals concerned with broadening the economic opportunities that innovation and technological advancement provide. The necessity to mobilize capital on a localized or regionalized basis has been labeled Place-Based Impact Investing. This article will review the research and conclusions that have fueled the need for Place-Based Impact Investing, identify the current thought leaders, and describe some of the early efforts at mobilizing “legacy capital” into communities to support the growing but underfunded innovative companies. We also will explore some of the new methods, vehicles, and overlooked tax laws that can accelerate the mobilization of capital on a more geographic and meritocratic manner.

Media Financing: between the “Business Angels” and the Public Funds

2020 ◽  
Vol 4 (1) ◽  
Author(s):  
Petranka Fileva ◽  
Keyword(s):  
Venture Capital ◽  
Media Industry ◽  
Business And Society ◽  
Global Media ◽  
Business Angels ◽  
Fast Growing ◽  
The Media ◽  
Business Entities ◽  
The Many ◽  
Start Ups

Media financing is a topic that relates to both business and society. The media convey values, attitudes and perceptions and have the power to influence the citizens’ behavior. At the same time, the media are business entities in a dynamic industry that is currently being intertwined with innovative and fast-growing sectors. As a result, interest in investing in the media and some related sectors is growing. Business angels, together with venture capital and media giants such as Facebook and Google, are causing a transformation of the media industry. Apart of the many examples concerning global media, the appearance of Blugarian venture capital is mentioned, which could be important for small start-ups in the fast-growing technological sector in Bulgaria.

Applying the Devil's Works in a Holy Cause: Working-Class Popular Culture and the Salvation Army in the United States, 1879-1900

1997 ◽  
Vol 7 (2) ◽  
pp. 195-223
Author(s):  
Lillian Taiz
Keyword(s):  
United States ◽  
New York ◽  
New York City ◽  
Popular Culture ◽  
York City ◽  
The United States ◽  
Salvation Army ◽  
Public Meeting ◽  
The Many ◽  
Sunday Evening

Forty-eight hours after they landed in New York City in 1880, a small contingent of the Salvation Army held their first public meeting at the infamous Harry Hill's Variety Theater. The enterprising Hill, alerted to the group's arrival from Britain by newspaper reports, contacted their leader, Commissioner George Scott Railton, and offered to pay the group to “do a turn” for “an hour or two on … Sunday evening.” In nineteenth-century New York City, Harry Hill's was one of the best known concert saloons, and reformers considered him “among the disreputable classes” of that city. His saloon, they said, was “nothing more than one of the many gates to hell.”

A review on the prerequisites of Evidence-Based Curriculum as a driver to skills development of the leather value chain in Africa

2019 ◽  
Vol 5 (1) ◽  
pp. 1-10
Author(s):  
Mwinyikione Mwinyihija
Keyword(s):  
Higher Education ◽  
Curriculum Design ◽  
Value Chain ◽  
Theoretical Perspective ◽  
Economic Benefits ◽  
Skills Development ◽  
Evidence Based ◽  
Wealth Creation ◽  
Urban Rural ◽  
Review Study

The review study closely introspects’ on the prerequisites of evidence-based curriculum within the realms of specialized skills development agenda as pursued through higher education Institutions in Africa. Explicitly, the constraining factors that bedevil the leather sector are identifiable when appropriate research designs tools are applied. As such, in the process of identifying the constraints, renascence themes could, therefore, be beneficial in collecting evidence in support of developing curriculum. Such a developed curriculum stands higher chances of acceptability and aptly mitigates against challenges related to specialized skills development. The review succinctly indicates that in the process of identifying the themes, the scope of collecting evidence becomes attainable, thus, improving curricula that entails a participatory and transformative orientation. Indeed, during the review phase of the study, three main perspectives are depicted to be consequential in attaining a comprehensive, evidence-based curriculum, such as; action research, backward curriculum design perspective and theoretical perspective. Therefore, about this perspective, a reflection based on personal experiences and related to new knowledge with what they already know leads to constructivism. The relevancy of a constructivist strategy is observed to facilitate the observatory and evaluative stance during the development of evidence-based curriculum. Moreover, in consolidating and sustaining the benefit of such a developed curriculum, threshold concept was found during the review that it complements the process and strengthens the collecting evidence for curriculum development. Accordingly, therefore, the result of the review study indicate that Africa would  position itself for initiating transformational changes in aspects of specialized higher education, fruition towards socio-economic benefits (e.g. employment, wealth creation and technology transfer), reversal of urban-rural or inter/intra continental migration flurry.

Global challenges to functioning of precious gemstones market

2019 ◽  
pp. 15-19
Author(s):  
Maryna Khmara
Keyword(s):  
Social Impact ◽  
Negative Impact ◽  
Economic Benefits ◽  
Small Enterprises ◽  
Ecological Responsibility ◽  
Global Challenges ◽  
Production And Consumption ◽  
Managerial Strategies ◽  
The Impact ◽  
Complicated Nature

The peculiarities of gemstone market functioning under the impact of globalization are examined. Modern condition of financial stabilization in world is defined and main features of gemstones are outlined. Negative impact of illegal market on socio-economic development of countries, namely on revenues to the country’s budget from the business, is revealed. The importance of the problem of transferring most of gemstones processing operations beyond the countries of production is emphasized. Poor public control over the circulation of precious stones is proven. The challenges are substantiated to be aggravating under the impact of globalization. The diamonds market, which has peculiar high demand, is analyzed: diamonds and derivatives account for 85% of global turnover. Application of managerial strategies for gemstones market to efficiently use resources is defined to be complicated by the fact that managerial strategies impact the high cost of product items and its variability; unique features; intangible qualities; complicated processing. More environmentally friendly production and social responsibility are confirmed to have impact on forming of demand on gemstones. Investment attractiveness of gemstones, except for diamonds, is proven to be low. Condition of production and consumption of diamonds is analyzed. Development condition of the market segment – non-diamonds gemstones – is shown. The activity of small enterprises and households engaged in gemstones production is confirmed to be characterized by chaotic and complicated nature of broker networks, leading to aggravated global challenges. The paper defines that expansion of spectrum and emergence of new opportunities for illegal activity, reduced income and loss of other types of economic benefits, growing negative ecological and social impact, growing exploitation of workers at illegal enterprises remain to be the global challenges of gemstones market functioning. The author suggests increasing of social and ecological responsibility of business, strengthening of the state regulating functions and promotion of gemstones market legalization in order to reduce the challenges.

GRAFTING ENTREPRENEURSHIP

2017 ◽  
Vol 4 (23) ◽  
Author(s):  
Manish Kumar Maurya
Keyword(s):  
Venture Capital ◽  
Entrepreneurial Activity ◽  
Mass Layoffs ◽  
Capital Financing ◽  
Start Ups

Nowadays, Organizations especially the start-ups concentrate so much in adding values to the product and services that it hardly adds value to their own employees. Mass layoffs and shutting down businesses are few examples of that.This paper attempts to increase an understanding of a different approach towards entrepreneurship. It basically takes into account the roles venture capital financing play in supporting entrepreneurial activity and an alternative to it by introducing the concept of grafting entrepreneurship and its implications.

Mobilized by Injustice

2020 ◽  
Author(s):  
Hannah L. Walker
Keyword(s):  
New York ◽  
Criminal Justice ◽  
Civil Rights ◽  
Political Action ◽  
Negative Impact ◽  
The United States ◽  
Personal Contact ◽  
Racial Boundaries ◽  
Material Resources ◽  
Depth Interviews

Springing from decades of abuse by law enforcement and an excessive criminal justice system, members of over-policed communities lead the current movement for civil rights in the United States. Activated by injustice, individuals protested police brutality in Ferguson, campaigned to end stop-and-frisk in New York City, and advocated for restorative justice in Washington, D.C. Yet, scholars focused on the negative impact of punitive policy on material resources, and trust in government did not predict these pockets of resistance, arguing instead that marginalizing and demeaning policy teaches individuals to acquiesce and withdraw. Mobilized by Injustice excavates conditions under which, despite otherwise negative outcomes, negative criminal justice experiences catalyze political action. This book argues that when understood as resulting from a system that targets people based on race, class, or other group identifiers, contact can politically mobilize. Negative experiences with democratic institutions predicated on equality under the law, when connected to a larger, group-based struggle, can provoke action from anger. Evidence from several surveys and in-depth interviews reveals that mobilization as result of negative criminal justice experiences is broad, crosses racial boundaries, and extends to the loved ones of custodial citizens. When over half of Blacks and Latinos and a plurality of Whites know someone with personal contact, the mobilizing effect of a sense of injustice promises to have important consequences for American politics.

Review article: Reclaiming the rebellion: 1798 in 1998

1999 ◽  
Vol 31 (123) ◽  
pp. 395-410
Author(s):  
Ian McBride
Keyword(s):  
New York ◽  
Rural Communities ◽  
Review Article ◽  
Physical Force ◽  
Celtic Tiger ◽  
Men And Women ◽  
International Dimension ◽  
Good Friday ◽  
The North ◽  
The Many

Few Irish men and women can have escaped the mighty wave of anniversary fever which broke over the island in the spring of 1998. As if atoning for the failed rebellion itself, the bicentenary of 1798 was neither ill-coordinated nor localised, but a genuinely national phenomenon produced by years of planning and organisation. Emissaries were dispatched from Dublin and Belfast to remote rural communities, and the resonant names of Bartlett, Whelan, Keogh and Graham were heard throughout the land; indeed, the commemoration possessed an international dimension which stretched to Boston, New York, Toronto, Liverpool, London and Glasgow. In bicentenary Wexford — complete with ’98 Heritage Trail and ’98 Village — the values of democracy and pluralism were triumphantly proclaimed. When the time came, the north did not hesitate, but participated enthusiastically. Even the French arrived on cue, this time on bicycle. Just as the 1898 centenary, which contributed to the revitalisation of physical-force nationalism, has now become an established subject in its own right, future historians will surely scrutinise this mother of all anniversaries for evidence concerning the national pulse in the era of the Celtic Tiger and the Good Friday Agreement. In the meantime a survey of some of the many essay collections and monographs published during the bicentenary will permit us to hazard a few generalisations about the current direction of what might now be termed ‘Ninety-Eight Studies’.

A Rank Order of Eateries: A Chicago Stochastic Model

1974 ◽  
Vol 7 (02) ◽  
pp. 165-174
Author(s):  
Donald H. Haider
Keyword(s):  
New York ◽  
Stochastic Model ◽  
Rank Order ◽  
The Many ◽  
New Yorkers

.... The hands of men took hold and tugged And the breaths of men went into the junk And the junk stood up into skyscrapers and asked Who am I? Am I a city?Carl Sandburg-“The Windy City”Robert Merriam, picking up where his father left off, once indicated that it would take 50 years for an aroused citizenry to root out corruption in Chicago. It has taken at least that long to upgrade Chicago's restaurants. Several decades ago, top gourmet societies labelled Chicago a “gastronomic wasteland.” Among the many old clichés and modern prejudices that the Windy City is constantly seeking to outlive is the quality of its restaurants. New Yorkers, of course, will not let old myths die. Gail Green,New York Magazinegalloping gourmet, recently went away from Chicago dubbing its restaurants the “Big Potato” — homely and solid, mealy and bland. Chicago epicureans responded by a whirlwind tour of the Gotham Town's “Best and Most Delectable,” writing devastating critiques of New York's much overrated eating places. If one can transcend these diatribes and gastronomic polemics, you will find Chicago to be as good a dining town as there is in the U.S.A. — variety, service, and prices.

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