The structure of our organization, the operational policies, goals and performance metrics are holistic in nature. We combine what current institutions in the community do separately. Our "Assemblage" approach more directly links funding to outcomes and with higher efficiency. This is because we combine a Small Business Investment Company ("Impact SBIC") that has business development expertise, with a Nonprofit organization that has community capacity-building experience, to a portfolio management logic that inherently mitigates unsystematic and default risk, because its construction is geared toward self sustenance as a complete local economy. To that we add a nonprofit cooperative banking institution that lowers the cost of money as it increases the potential scale and scope of the portfolio through its lending capacity. This mutually symbiotic collaboration is based on a strong set of affinity missions, contractual obligations, regulatory compliance and public accountability. We believe this kernel model will change community and economic development nationally and world wide.
Read the complete plan HERE.
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