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Invest STL A community economic development initiative for improving and strengthening the St. Louis Region.

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Presentation on theme: "Invest STL A community economic development initiative for improving and strengthening the St. Louis Region."— Presentation transcript:

1 Invest STL A community economic development initiative for improving and strengthening the St. Louis Region.

2 Background CBN and MSLCRA agreed to a task force at the end of 2013 Members from each association plus foundation and community development financial institution representatives met throughout 2014 Recommendations proposed in a report completed in December of 2014 Implementation plan developed from January to Sept. 2015

3 Invest STL Approach to Change Capital Invest, mobilize, and leverage the following types of capital: Financial Human and Intellectual Social Focus Areas Distressed and middle- market place-based issues: Economic Opportunity Leadership Capacity Safe and Healthy Environments 5 Counties St. Charles, St. Louis County, St. Louis City, St. Clair, and Madison Products & Services Capacity Building, Training, and Support Community Investments Grants Financial Products and Services Investment Coordination and Facilitation Results System: increased and aligned capital, leadership and will; shared success indicators and stories Capacity: effective non- profits and community partnerships Community: residents have improved lives and neighborhoods Vision- Healthy neighborhoods that are thriving, resilient, and livable for everyone. Mission- To provide a community economic development support system for improving and strengthening the St. Louis region Values- Innovation, Leadership, Collaboration, Impact, and Evaluation

4 Ecosystem Public Partners City and County Government Regional Planning Agencies Federal Agencies Private Partners Financial Institutions Investors Entrepreneurs Developers Service Providers Philanthropic Partners Local Foundations National Foundations Corporate Donors Individual Donors

5 Invest STL Infrastructure Coordinating Council Investment Collaborative Review Committee Evaluator Project-Based Investment Process Sustained Investment Process Intermediaries, Professional Development Providers, & Community Economic Dev. Orgs.

6 Invest STL Infrastructure A community initiative of key stakeholders from public, private, and community organizations. The St. Louis Community Foundation has a fund designed for pooling resources and investing in community building. Local funders will hire a system staff person for an initial three year position. Staffing the system will be 2/3rds resource coordination and 1/3rd supporting, organizing, and managing committees, implementation efforts, and evaluation.

7 Invest STL Invest STL institutionalizes our region’s ability to align local and national investment behind 1.regional coordination of public, private, and philanthropic investments in impactful neighborhood revitalization projects, 2.sustained neighborhood revitalization initiatives, and 3.professional development.

8 Invest STL Benefits The system allows multiple actors (local and national) to plug and play in building strong communities. 1. Funders can pool resources at a scale that can achieve impact in a way that no one funder can do. 2. Pooling and coordinating investment shares risk. 3. Allows investors to care for their issue of interest while also caring for the context affecting their issue. 4. Streamlining the vetting process for proposals and evaluation of implementation saves investors time and resources. The system will support investors in being able to support revitalization in two broad types of market conditions: 1.Comprehensive community economic development in distressed places; and 2.Targeted community improvement, including grass roots marketing and below-market rate lending, in “middle-market” neighborhoods. The system allows us to move from doing deals to building places that succeed through sustained investment in community capacity and neighborhood improvement initiatives.

9 Questions Mary G. McMurtrey Director of Community Engagement St. Louis Community Foundation 319 North Fourth Street, Suite 300 St. Louis, Missouri 63102 Email: mary@stlgives.orgmary@stlgives.org Phone: 314.880.4961 Fax: 314.588.8088


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