In an op-ed for the Richmond Times-Dispatch, LISC CEO Maurice A. Jones and Howard Kern, president and CEO of Sentara Healthcare, describe how their new $100 million investment will take aim at the social determinants of health in Virginia.
Sentara and Optima are embarking on a new partnership to address social determinants of health through a a $100 million investment. The investment aims to have a lasting impact on health outcomes for people in communities served by Sentara Healthcare and Optima Health across Virginia.
Sentara and Optima are contributing $50 million, and the Local Initiatives Support Corporation (LISC) has committed to assemble an additional $50 million from public and private sources
The authors believe that investing in housing, job training and placement, education and transportation are key to closing the life expectancy gap and creating a strong economy.
The authors advise that now is the time for corporations, nonprofits and charities to play leadership roles in making those investments a reality. They assert that the initiative serves as a catalyst to inspire other organizations that are committed to building stronger, healthier communities. Read the Entire Article
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Morgan Simon, Pi Investments and Transform Finance, explains the concept of impact investment that supports economic and community development. Simon notes that this concept, while gaining attention from varying financial contenders, is an exciting, but potentially problematic trend seen over the last decade.