When it comes to social-impact investing, the private sector can learn a lot from the public one

Investments that serve under-resourced communities need governance and strategies familiar to the public sector.

Mark Blinch/Reuters

I learned these lessons first-hand during my time as counsel at the Center for Responsible Lending and as senior counsel on the financial services committee in the U.S. House of Representatives. At Block, our purpose is to help our diverse audiences – sellers, individuals, artists, fans, developers and all the people in between – overcome barriers to access the economy.

Instead, a company’s social-impact investments need to serve under-resourced communities with a purpose, a protected, standalone budget and built-in accountability and governance. This approach is modelled on social-investment strategies in the public sector.Following the public-sector model of serving these communities, our team looked for investments to support them.

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