As Congress works on the infrastructure bill, a new $11 million impact investing project launched in New Mexico, led by RBC Global Asset Management, aims to support under-resourced communities, including providing access to home ownership, small business support and health care services. Ron Homer, the firm’s chief impact investing strategist, said this new collaborative – the Local Impact Fixed Income Targeted Investment New Mexico, or LIFT NM – incorporates a group of eager investors keen on helping to ease the inequities caused by the pandemic.
In this episode you’ll hear:
- How communities are leery of capital offers and need education about how to take advantage of available programs.
- Why the pandemic economically impacted certain communities that already faced uphill battles.
- Ways the impact investment in New Mexico will help those most economically impacted by the pandemic.
- How an experience with Sen. Robert Kennedy two months before he was assassinated helped lead Ron Homer to impact investing work.
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Guest Bio: Ron Homer, chief strategist for U.S. impact investing at RBC Global Asset Management, has extensive experience in community investing that enables him to identify a broad range of solutions for clients. He is often sought to consult with leading government officials on a variety of community impact issues. Before joining the organization, he was co-founder and chief executive of an investment adviser specializing in community investments that was acquired by RBC GAM in 2008. Previously, Ron enjoyed an extensive banking career, including 13 years as president and CEO of a large bank in Boston. He joined the financial services industry in 1969.
