No images? Click here Looking Ahead, Insight from Elyse D. Cherry, CEO of BlueHub CapitalLike many of you, I am relieved to be on the other side of this election. Not just for the break from political emails, texts and ads but now knowing the result gives us a little more visibility into what next year might look like. COVID-19 continues to impact the economy and how we all do business. Here are the things I am watching as we move into 2021. Despite the uncertainty, BlueHub Capital has done lots of impactful lending during this tumultuous time. Check out some of our recent accomplishments below. Happy Thanksgiving, Elyse D. Cherry BlueHub Capital, Elyse Cherry Recognized as a Top 100 Women-Led Business in MAThe Commonwealth Institute and The Boston Globe Magazine named BlueHub Capital as part of the 20th annual Top 100 Women-Led Businesses in Massachusetts list. The annual award highlights women business leaders who are making a significant impact on the state’s economy. This is the seventh year running that BlueHub Capital has been included on this list. BlueHub Loan Fund Joins New Collaborative to Create Affordable Housing and Jobs in Underserved NeighborhoodsBlueHub Loan Fund is part of a new, diverse collection of institutions in Boston working to create and preserve affordable housing and provide job training services in the Dorchester, Roxbury and Mattapan neighborhoods. The Boston Opportunity System (BOS) Collaborative received a $5 million philanthropic investment from JPMorgan Chase as part of its AdvancingCities initiative. BOS Collaborative members include: Boston Medical Center (the lead organization), BlueHub Loan Fund, Boston Children’s Hospital, Brigham and Women’s Hospital, Health Resources in Action, the City of Boston, Dudley Street Neighborhood Initiative, Action for Equity, and Jewish Vocational Services. Congrats to our Friends Included in the Boston Business Journal’s Power 50 The Boston Business Journal’s annual ranking of the most powerful people in Boston included some friendly faces. Our hearty congratulations go out to all the honorees, especially: - Edward Dugger III, founding partner and president of Reinventure Capital and a BlueHub Capital board member. - Jen Faigel, executive director and co-founder of Commonwealth Kitchen, a BlueHub Loan Fund borrower. - Kate Barrand, President and CEO of Horizons for Homeless Children, a BlueHub Loan Fund borrower. A New Resource to Assess Racial Equity in EducationBlueHub is always striving to improve impact measurement and management. To further this effort in the education sector, BlueHub was one of the founding members of the CDFI Racial Equity Collaborative on Education. Led by Self-Help, a fellow CDFI and longtime BlueHub partner, the Collaborative was founded to help CDFIs better understand practices that support students of color in charter schools and to incorporate related questions and assessments in their underwriting. The eight members—BlueHub Capital, Capital Impact Partners, IFF, Nonprofit Finance Fund, LISC, Low Income Investment Fund, Reinvestment Fund, and Self-Help—created tools and questions that help CDFIs and other stakeholders to evaluate a school’s institutional commitments to equitable practices. Check out their new website that launched this fall. BlueHub Loan Fund Tops List of Financial Awards from CDFI Fund BlueHub Loan Fund was awarded over $3.7 million in funding from the Department of the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund. This is the largest award received by any single CDFI in Fiscal Year 2020. Read more on how we plan to use the funding. |