Building A Place-Based Impact Investing Ecosystem: A Closer Look At the Minnesota Collaboration

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Minnesota's Council on Foundations announced a $20 million fixed-income bond fund focused locally.

The fund will benefit affordable housing and small businesses in their community.

Minnesota Impact Investing Initiative is a virtual fund within a bigger fund managed by RBC Global Asset Management.

Three more foundations have committed to the fund: Sundance Family Foundation, PFund Foundation and Otto Bremer Trust.

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