FOR IMMEDIATE RELEASE
Contact: Emily Reisner (EReisner@resetco.org)
RESET TEAMS UP WITH LEADERSHIP GREATER HARTFORD TO PRESENT BEYOND BUSINESS AS USUAL: IMPACT INVESTING
HARTFORD, CT, SEPTEMBER 6, 2019 – On October 3 reSET presents Beyond Business as Usual at the Hartford Club in partnership with Leadership Greater Hartford. The meeting is a response to a larger national shift in business away from profit as the only metric of success. In recent news, the Business Roundtable, an association of American CEOs, publicly stated that the purpose of business is no longer just shareholder value, but is stakeholder value (source). This includes customer value, treatment of employees, ethical supply chains, care for the community, and the environment.
reSET chose this year’s theme of Impact Investing to involve Hartford-area change agents in increasing their knowledge of this growing field of social change. Impact investing is a mission-driven and community-based strategy that generates a return that includes both a profit and an impact defined by the investor and the business. This gathering is meant to be a catalyst in creating a financial ecosystem that includes CT investors, lenders, philanthropists, and entrepreneurs around positive and social and environmental impact alongside a financial return.
The morning includes a panel of impact investment stakeholders in order to start this important conversation in Hartford with many perspectives. Panelists include:
- Dorothy Adams, Board Chair of Capital for Change and partner with Social Venture Partners CT
- Galia Gichon, Founder of Down to Earth Finance and author of “My Money Matters”
- Founders of Raise Green, a reSET alumni venture that crowdfunds green projects, such as solar panel installations
More details regarding the event here: https://resetco.org/event/beyond-business-as-usual-impact-investing/
“There are so many drivers for impact investing coming to the forefront of society right now,” says Sarah Bodley, Managing Director of reSET. “Consumers are using their spending power for good; consequently businesses are thinking differently about their place in community and the impact they can have on their employees and the environment; impact investors are emerging who realize that they can have financial gains while also making a difference. Right here in Connecticut, our companies are coming up with solutions to problems like food waste, access to renewable energy or essential social services, building community wealth through better employment practices, and more. We’re eager to see Connecticut investors taking an interest in these trends.
Ted Carroll, President & CEO of Leadership Greater Hartford, believes that “It is the job of leaders to challenge business as usual when social and economic inequities exist and when our very planet is being threatened.” He points out that volunteers and charitable donations are critical to bringing about community change, but “that we haven’t yet paid enough attention to how we can use our financial investments to generate social returns in addition to financial ones.”
reSET’s mission is to advance the social enterprise sector in CT through programming, access to capital, and advocacy. reSET aims to inspire innovation and community collaboration, and to support entrepreneurs in creating market-based solutions to community challenges.
By designing business to focus on both purpose and profit, innovation is unleashed and profit is a means to solving problems. reSET offers an intensive, four-month Impact Accelerator that has won an SBA award, and a structured summer internship program for undergraduates, and recently launched a Food Incubator for early stage ventures. We offer co-working space, workshops and networking events. Our mentor network and SBDC advisor provide affordable access to a wide range of expertise for startups.
About Leadership Greater Hartford
Leadership Greater Hartford is a mission-driven, non-profit organization that supports and strengthens the local community by training and connecting aspiring and established leaders. For over 40 years, we’ve served the Hartford community by offering leadership training to people from a variety of backgrounds, including corporate, small business, non-profit, and academia. In doing so, our goal has been to positively change both the lives of the leaders we train and the lives of those in our community. Our program participants learn invaluable skills and make lasting connections to other aspiring leaders, both of which materialize into real-world efforts to positively affect the greater Hartford community.