Strategy consultant, divinity school student, local economy champion, and co-founder of Rhode Island’s first community investment fund. My mission is to build community wealth, connection, capacity, and resilience.
Interested in learning more about community capital and the diversified community investment fund (DCIF) model? Here's a great primer. Plus, you can hear more about the Local Return DCIF!
Welcome to NC3's Coalition Conversation! These short videos will be posted once a month, sometimes live and sometimes pre-recorded, meant to inform those learning about community capital, to engage those who are already familiar, and to introduce new nuances to those who are partners and community capital professionals. This Coalition Conversation includes an overview of the What? and Why? of the Diversified Community Investment Fund (DCIF) structure by NC3 Board Chair, Christopher Miller, and NC3 Board Member, Brian Beckon. NC3 worked with Jessica David and Local Return in Rhode Island to launch the first DCIF in the nation and the latter portion of this conversation includes that story. Related Resources: Securities and Exchange Commission - the entity regulating investments and investors, more information: https://www.sec.gov/ Investment Company Act of 1940 - one of the securities regulations that continues to impact investments and investors, more information: https://lnkd.in/eNtYTX4J) Investment Crowdfunding - the way in which non-accredited investors, everyday people, were empowered to invest via the JOBS Act in 2016, more information: https://lnkd.in/eTz6axWW Diversified Community Investment Fund (DCIF) - the structure utilized by the Local Return team, more information: https://lnkd.in/eBzED4DT Accelerator Program - the Program through which Jessica and the Local Return team worked with NC3 to structure and launch their DCIF, more information: https://lnkd.in/eXH9fdMS Local Return - one of two organizations Jessica helped found to build and launch the DCIF, more information: https://localreturn.org/ RI Community Investment Cooperative - the second organization Jessica helped found to build and launch the DCIF, more information: https://lnkd.in/eFNM7U3h Michael Shuman - key founder of the local investing movement and the person who introduced community capital to Jessica and the Local Return team, Michael continues to educate folks through The Main Street Journal, which also publishes NC3's newsletter every other week, more information: https://lnkd.in/eavpiZc5 To join NC3 as a member and to support more programs and resources to further the community capital movement, please visit: https://lnkd.in/eUgSeHKf
