Since he took office, President Obama has been committed to strengthening the U.S. economy and creating jobs for American workers. To advance those goals, today, the White House is hosting a convening on the Impact Economy (watch live at WhiteHouse.gov/live).
Often, people think that large corporations and the government are the dominant drivers of our economic growth, but there are many types of businesses that expand our economy and catalyze job creation. Today, we are highlighting an emerging sector of the economy, impact investing. Impact investing is currently estimated to be a $50 billion industry globally, but the Monitor Group and Hope Consulting predict that the impact investment industry could reach several hundred billion dollars in total assets under management over the next ten years.
Impact investors, many of whom are gathered today at the White House, are seeking both financial and social returns. They believe that business has an opportunity to create economic value and positive social outcomes. They often make debt or equity investments in organizations that address major societal challenges such as economic opportunity, affordable housing, health care, education, or clean energy and improving the environment, while expecting a return on their invested capital.
Fonte: White House