Blog REDF Impact Investing Fund Summer 2022 Newsletter Blog > The Latest > Article RIIF Secures New Investments: The Conrad N. Hilton Foundation has approved a $2 million Program Related Investment (PRI) to support RIIF’s ongoing work to fuel the growth of the employment social enterprise sector and build a more inclusive economy. This funding will expand RIIF’s lending capacity, with a focus on supporting enterprises that employ people who have experienced homelessness and youth who are disconnected from work and school. RIIF also received a $250K PRI from Employment Technology Fund (ETF@JFFLabs). ETF is an early-stage impact investment fund that partners with a diverse group of entrepreneurs who are building innovative technology solutions that help workers in low-to-middle-wage jobs build in-demand skills and access employment opportunities that lead to economic advancement. Meet Our Newest Borrower: Rebuilding Exchange Location: Chicago, IL Investment: $100k line of credit Industry: Construction & Extraction Impact: A $100K line of credit from RIIF will allow Rebuilding Exchange to bridge payroll expenses for a new pre-apprentice training program while they await reimbursement from an awarded Illinois Works Grant. Read more Meet Our Team From impact investing and banking to small business lending and working at CDFIs, our team brings a broad range of skills and experiences to help scale our lending program. Meet the team: Carrie McKellogg, CEO Emilie Linick, Director, Impact Lending Karina Vadillo, Senior Manager, Loan Originations Meghan Christenson, Senior Manager, Loan Portfolio Brysan Brown, Senior Associate, Impact Lending New Product: Lines of Credit RIIF offers lines of credit, a useful financing tool for businesses that experience cash flow timing challenges while they balance awaiting payment on government or contract receivables with making timely payments on operating expenses such as payroll. Click to see if your social enterprise is a fit! Sign up to receive quarterly updates from REDF Impact Investing Fund. July 29, 2022 In this post: REDF Impact Investing Fund Share
Working with Untapped Firefighting Talent – Yiqing Zhao, USC Marshall School of Business November 29, 2023