state impact investment fund

Times are a-changing… New Jersey legislators set aside 420 million to create the state’s first Social Impact Investment Fund to advance socially beneficial investments in communities. The goal is for the fund to close financing gaps.

The fund can also accept private funds. The projects that can benefit include affordable-housing developments, infrastructure-improvement projects, and early childhood education centers.

New Jersey Spotlight News | Is new social-impact fund first step to NJ public bank?