In a new article on Impact Alpha, Tim Ferguson, writes how CDFIs are well-positioned to be the next "alternative" financial vehicle of choice for those seeking to place their capital in investments that have both financial and social returns.
Citing an extensive list of opportunities and options for CDFIs, Ferguson also calls out the importance of tapping talent in the industry, "Attracting and retaining outstanding talent will be a prerequisite for those CDFIs that want to be the next alternative financing entities of choice. This will necessitate thinking about not just the mission, but also the economic model and how people are remunerated. Skill gaps will need to be filled and attracting the requisite talent is unlikely to come just from those already within the CDFI industry. Thinking broadly about where people may come from and not assuming candidates need a traditional CDFI background will be important."
Read the full article here.