Migrant, Immigrant, and Refugee Lens Investing: Ideas and Strategies
Investing in Tailored Products or Services and Investing in Underserved Communities
Foundations are investing in a variety of programs tailored to meet the needs of immigrant communities. For example, the Massachusetts Pathways to Economic Advancement Pay for Success project, supported by several MIE members, includes literacy and job training programs to support individuals with limited English skills. Also, this report by Grantmakers Concerned with Immigrants and Refugees analyzes several loan programs for young immigrants who qualify for the Deferred Action for Childhood Arrivals (DACA) program.
Others tailored investments are localized, place-based efforts to meet the needs of certain neighborhoods. As an example, click here to learn more about MacArthur Foundation's investment in support of a failing savings & loan in Little Village, Chicago, a predominantly Latinx community. Additional areas where impact investing may support immigrant communities include:
- Supporting financial services for underserved populations, such as through credit unions and CDFIs.
- Fostering responsible lending to immigrant borrowers, who are more at risk from predatory lenders.
Immigrants as Investors — and Investees
Foundations and other investors are recognizing refugees and immigrants as an opportunity for profitable investment:
- Engaging immigrants as investors and providing them with investment opportunities that cater to their specific needs and investment goals. Click here to learn about Calvert Impact Capital's strategy of working with immigrant investors.
Investing in migrants, immigrants, and refugees as entrepreneurs. Click here for a compilation of foundations and other investors involved in this work.
Screening and Shareholder Engagement Strategies
Foundations and other investors align their values with their investments in a variety of ways, from using their voices as shareholders to screening (positively or negatively) their investments.
- Examining corporate behavior when it comes to forced labor, human rights violations in the supply chain, and exploitation of undocumented immigrants.
- Divesting from corporations that run private prisons — some of which also run immigrant detention centers. Learn more about these corporations here, here and here.