Investing in Social Impact

TCF-MIC investments seek positive social outcomes and community-level impact through the intentional use of financial assets in innovative business ventures, diverse entrepreneurs, and organizations that promote inclusive growth in Greater New Haven. The investments may take the form of equity, debt, loan guarantees, or other familiar market products or instruments.

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Investment Highlights

Image courtesy of NXTHVN

Arts Incubation

Co-founded by nationally-renowned artist Titus Kaphar, NXTHVN is a new national arts model that empowers emerging artists and curators of color through education and access.

Image courtesy of ConnCORP

Neighborhood Revitalization

Connecticut Community Outreach and Revitalization Program, ConnCORP LLC. is redeveloping a blighted shopping plaza into a residential and cultural center in New Haven's Dixwell neighborhood.

Photo credit: Matthew Higbee

Software Engineering

The Holberton School waives up-front tuition costs and designs its programs to make a well-paying career in software engineering accessible.

Recent TCF-MIC Mission Investments
Project Transaction Type Partners Project Type
First Niagara Home Ownership Fund Forgivable loan for home ownership NAACP; Neighborhood Housing Service; local financial institutions Support for local homeownership
Fitscript Convertible loan Connecticut Innovations; local investors Job creation with diabetes management company
Freshbev (RIPE Juice) Convertible loan A local foundation funding partner Job creation with natural juice company
District Innovation and Venture Center Term loan Elm City Innovation Collaborative; CTNext; Comcast/NBC Universal; CT Dept. of Economic and Community Development Job training and skill building to create a labor market that fuels economic growth
GDDC - Dwight Plaza Term loan Local Initiatives Support Corporation; Start Community Bank Food distribution by community development corporation
Greater New Haven Community Loan Fund (now Capital for Change) Low-interest loan Revolving loan pool for local organizations
Green Wave/Sea Greens Convertible loan Connecticut Innovations; Patagonia; TrueNorth; Partners Job creation with green, sustainable food production
Mutual Housing Low-interest loan FleetBank Community Reinvestment Funds Capital for housing
Neighborhood Housing Low-interest loan FleetBank Community Reinvestment Funds Capital for housing
Neighborhood Music School Loan guaranty Capital for Change Credit enhancement

HOW CAN WE HELP?

Jennifer A. Glover-Keller, MBA

Director of Investments and Chief Compliance Officer

203-777-7063

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Arthur W. Thomas III

Director of Entrepreneurial Initiatives and Inclusive Economic Opportunity

203-974-1651

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