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Creative ideas and financial innovations that expand access to capital stimulate economic development. Our work in this area applies financial innovations offering new approaches to business, public, social and environmental challenges. Our research addresses capital access and wealth gaps across markets, and explores capital structures that expand business ownership and opportunity. We develop models for investments that generate both a financial and social return – the "double bottom line" - and track public-policy initiatives. Regularly released indices in this area provide usable benchmarks of progress. We also apply financial technology to environmental challenges such as developing options for monetizing ecosystem and environmental services that foster sustainable development worldwide.
Our Center for Emerging Domestic Markets (CEDM) supports the expansion of investment in traditionally undervalued and undercapitalized entrepreneurs, enterprises and communities, including women and ethnic business owners, urban cores, rural areas and low-income populations, through research and data collection. These entrepreneurs and customer bases represent the fastest growing segments of the U.S. economy and are driving forces behind growth and prosperity.
Contact:
Glenn Yago
Executive Director, Financial Research
gyago@milkeninstitute.org
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