Indiana Could be Social Investing Leader

Posted: Updated:
Springer says the approach has worked well in other communities Springer says the approach has worked well in other communities
INDIANAPOLIS -

A partner at a prominent Indiana-based law firm says the state is positioned to be a leader in social impact investing, which aims to generate financial return and social good. Marilee Springer with Ice Miller says a combination of socially-active private equity investors and a deep bench of philanthropic organizations make Indiana an ideal spot for social investing. She cites 16 Tech and the Indiana Philanthropic Venture Fund as examples of industry and social organizations coming together to improve communities.

Ice Miller has launched a social impact content campaign, saying its clients increasingly do not want to choose between financial and social return when investing. Springer says Indiana's roster of prominent philanthropic organizations including Glick Philanthropies, the Lumina Foundation, the Fairbanks Foundation, Lilly Endowment Inc. and the Central Indiana Community Foundation.

Springer says similar efforts have worked in other communities. She points to public-private seed-stage investor CincyTech in Cincinnati as "where you would like Indianapolis to be 10 years from now." Springer says the firm has a "robust" social impact fund with about 40 portfolio companies which have helped generate millions of dollars in capital and thousands of new jobs.

  • Perspectives

    • Creating a Customer-Centric Marketing Strategy For Your Healthcare Business

      Obtaining and retaining customers is critical, especially in highly competitive markets like the healthcare industry. But, differentiating your organization with an exceptional customer experience can help you stay ahead in the $3.4 trillion industry. According to McKinsey, 70 percent of buying experiences are based on how the customer feels they’re being treated. Now more than ever the customer’s satisfaction needs to be at the top of focus for companies looking to...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Infosys Picks Indy For Training Center, 1K Additional Jobs

      Inside INdiana Business has learned that India-based tech giant Infosys (NYSE: INFY) will house a USA Training Center at the old Indianapolis International Airport site. The plans involve 1,000 new jobs, on top of the company's previous commitment of 2,000 new jobs as part of its downtown technology and innovation hub. Vice President Mike Pence will join Governor Eric Holcomb and others for the official announcement Thursday in Indianapolis.

    • Manufacturer Adding Production in Daviess County

      Florida-based ISOFlex Packaging will Tuesday celebrate the opening of a third production line at its facility in Daviess County. The company, which produces specialty plastic films and bags, will add a small number of jobs as a result. The company has invested more than $4 million into the new production line. The facility originally opened in 2014 following a $25 million investment by Alliance Barrier Films, which was acquired by ISOFlex in January.

    • 'Supercar' Assembly Operation Planned For Purdue

      The England-based manufacturer of a car billed as the fastest street-legal vehicle on the road has selected the Discovery Park District at Purdue University for a showroom and assembly facility. Keating Supercars LLC will produce its first model to be sold in the U.S., the Viperia Berus coupe, which is capable of reaching speeds greater than 230 miles-per-hour. The company is slated to cut the ribbon on the showroom late next month and eventually ramp up production at Purdue to...

    • (Service area map provided by Vectren.)

      What Does Vectren Merger Mean?

      A utility industry observer says he does not think the planned $6 billion merger of Evansville-based Vectren Corp. (NYSE: VVC) and CenterPoint Energy Inc. (NYSE: CNP) will have a major impact in Indiana. Doug Gotham, who serves as director of the State Utility Forecasting Group at Purdue University, also says he is not aware of any recent mergers that have been shut down by Federal Energy Regulatory Commission, a key hurdle that remains to be cleared. CenterPoint says plans...

    • About IIB

      Inside INdiana Business is Indianas Business News Leader.